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Today Technical Analysis: Gold Breaks Above $5,200 as Safe Haven Flows Accelerate Amid Rising Uncertainty

January 28, 2026, 09:06

Gold Breaks Above $5,200 as Safe Haven Flows Accelerate Amid Rising Uncertainty

Gold Technical Analysis

Gold remains strongly bullish on the 1-hour chart, trading above $5,250. Price action shows successive higher highs and higher lows, and the latest push to new highs confirms continued buyer dominance.

Price is still well above the three moving averages, MA(5), MA(10), and MA(30), all of which are sharply sloping upward, and acting as dynamic support. This alignment reflects strong trend strength.

MACD is well above the zero line, indicating accelerating bullish momentum. There is no visible bearish divergence, suggesting that the trend has not yet reached exhaustion. As long as gold holds above the $5,180–$5,200 support zone, the bullish bias remains dominant, and further upside extensions remain favored over any meaningful correction.

Gold 1H Chart

Gold 1H Chart 28-1-2026
Resistance$5,266$5,275$5,300
Support$5,224$5,189$5,157

EURUSD Technical Analysis

EURUSD is trading around the 1.1985 area this morning after reaching 1.2080, the highest level since June 2021. The broader short-term structure remains bullish. Price is currently showing a minor correction.

Price is currently still holding above the 30-period moving average, which continues to slope upward and acts as dynamic support. As long as price remains above the rising 30-period average and holds above the 1.1950–1.1930 zone, the broader intraday bullish structure remains intact. A break below this area would increase the risk of a deeper corrective move.

MACD has turned negative after a strong bullish expansion, and the MACD line has crossed below the signal line. This indicates fading bullish momentum. Overall, EURUSD is in a healthy pullback within a bullish trend.

EURUSD 1H Chart

EURUSD 1H Chart 28-1-2026
Resistance1.20491.20801.2110
Support1.19711.19381.1905

S&P 500 Technical Analysis

S&P 500 continues to trade in a strong bullish structure on the 1-hour timeframe, holding above the 7,000 psychological level. Price action shows higher highs and higher lows, with shallow pullbacks, confirming strong demand and trend stability.

The moving averages reinforce this bullish outlook. Price is trading above all three moving averages, MA(5), MA(10), and MA(30), all of which are positively aligned and sloping upward. The 30-period moving average continues to support the price. This suggests that the trend remains healthy and intact.

MACD remains above the zero line. And there is no sign of bearish divergence. This indicates consolidation within strength. As long as SP500 holds above the 6,950–6,980 area, the overall trend remains bullish.

S&P 500 1H Chart

S&P 500 1H Chart 28-1-2026
Resistance7,0157,0347,058
Support6,9946,9836,972

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