XAUUSD: Market Analysis and Strategy for January 15thGoldOANDA:XAUUSDActuaryJGold Technical Analysis: Daily Resistance: 4700, Support: 4550 4-Hour Resistance: 4640, Support: 4570 1-Hour Resistance: 4618, Support: 4580 Gold prices refreshed their historical highs again yesterday, forming a bullish pattern with multiple timeframes converging. Moving average support is constantly rising, and gold prices are trading within an upward channel. The pullback during the Asian and European sessions was very limited, with the price repeatedly testing the MA5 support at 4584. The MACD/KDJ indicators also show an accelerating upward trend. The bulls and bears are currently locked in a short-term struggle around 4600, which aligns with expectations of repeated consolidation at key psychological levels. Short-term pullbacks should not be panicked; focus on the upward continuation of the trend. On the 1-hour chart, the price rebounded above 4600 after confirming support at 4580. Resistance during the European session is expected around 4618. Each pullback has been relatively limited, and the chart shows a stepped upward trend in highs and lows. Today, attention will be focused on the US initial jobless claims data. It's too early to predict the top; we should only monitor the resistance levels at 4650/4700 and support around 4585/4570. Trading Strategy: BUY: 4585near BUY: 4570near More Analysis →