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Today Technical Analysis : GBP/USD Breaks Above Key 1.3550 Resistance Amid Broad US Dollar Weakness

January 6, 2026, 08:34

GBPUSD Technical Analysis

GBPUSD is trading in a clear uptrend on the hourly chart, having broken above previous resistance levels and pushed toward the 1.3560 area. The pair has formed a series of higher highs and higher lows, confirming bullish market structure after rebounding from the 1.3400 support zone. Buying momentum appears consistent, with limited downside retracements.

Price action is supported by the moving averages, with GBPUSD trading above the 5, 10, and 30-period moving averages, all of which are now sloping upward. As long as price remains above the 1.3500–1.3480 area, upside risks dominate, with scope for further extension higher.

GBPUSD 1H Chart

GBPUSD 1H Chart 6-1-2026
Resistance1.36201.36541.3700
Support1.35461.35211.3483

Gold Technical Analysis

Gold resumed its long term uptrend after successfully defending the $4,270 support area. Price has established a sequence of higher lows and higher highs, indicating that buyers remain in control. The current price action shows steady, controlled upside momentum.

Price is firmly above the 5, 10, and 30-period moving averages, with all of them sloping upward. This alignment confirms bullish trend strength and indicates that pullbacks toward the short-term averages are likely to be supported. Immediate resistance is located around $4,500 – $4,550, while the $4,420 – $4,400 zone acts as key dynamic support.

MACD remains in positive territory. As long as MACD holds above the zero line, the broader short-term outlook remains constructive.

Gold 1H Chart

Gold 1H Chart 6-1-2026
Resistance$4,503$4,521$4,551
Support$4,427$4,410$4,395

Dow Jones Technical Analysis

Dow Jones has experienced a strong bullish breakout following a prolonged consolidation and decline, with price surging to a new record high near the 49,250 region.

Price is trading well above all key moving averages, with the MA(5) and MA(10) sharply above the 30-period moving average. This bullish structure confirms strong trend momentum. As long as price holds above the 49,000 psychological level, upside continuation toward new highs remains the preferred scenario.

A renewed expansion in MACD would likely accompany the next bullish leg higher.

Dow Jones 1H Chart

Dow Jones 1H Chart 06-1-2026
Resistance49,21949,40649,500
Support48,90948,76548,573
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