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Gold continues its upward climb, reaching a new peak

Technical Analysis
By Ahmed Ashraf
Gold continues its upward climb, reaching a new peak
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GOLD

الذهب 26-1-2026

Gold is trading in an upward trend over the medium term, which opens the door for further gains and the formation of new highs. However, if prices break below the $4,930 support level, we may see a retest of the $4,800 area during today’s trading.

Support

 4930 4800
Resistance 5100

5200

Gold delivered a strong performance during today’s session, extending its upward move after breaking to fresh record levels, supported by sustained demand for safe haven assets. The positive momentum was underpinned by rising geopolitical risks, fading risk appetite across markets, and investor focus on the future path of U.S. monetary policy.

Gold has maintained a clear bullish structure, with prices holding above key support zones, reinforcing the outlook for further gains in the near term. While higher volatility and some profit taking may emerge following the recent rally, the broader positive bias remains intact as long as prices stay above the recently broken levels.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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