wp-emoji-styles => 
wp-block-library => /wp-includes/css/dist/block-library/style.min.css
classic-theme-styles => 
global-styles => 
wp-pagenavi => https://www.startrader.com/wp-content/plugins/wp-pagenavi/pagenavi-css.css
addtoany => https://www.startrader.com/wp-content/plugins/add-to-any/addtoany.min.css
jquery => 
addtoany-core => https://static.addtoany.com/menu/page.js
addtoany-jquery => https://www.startrader.com/wp-content/plugins/add-to-any/addtoany.min.js
Icon close

The Rise Of STARTRADER

One Of The
World’s Fastest Growing Brokerage

The Rise Of STARTRADER

One Of The
World’s Fastest Growing Brokerage

Today Technical Analysis: Gold Hits Fresh Record Near $4,700 Amid Rising Global Uncertainty

January 20, 2026, 08:17

Gold hits fresh record near $4,700 amid rising global uncertainty

Gold Technical Analysis

Gold continues to trend higher on the 1-hour timeframe. After briefly falling below $4,540, price reversed sharply and launched into a strong impulsive rally. This move broke above prior consolidation and has since been followed by continuation toward new highs around $4,720, confirming bullish market structure with higher highs and higher lows.

The moving averages are perfectly aligned with the trend. Price is trading comfortably above the moving averages MA(5), MA(10), and MA(10), all of which are sloping upward. This alignment reflects strong trend health and sustained buying interest on pullbacks.

Momentum remains supportive, with the MACD well above the zero line. Although there has been some minor slowing in momentum, there is no bearish divergence present, suggesting that the trend remains intact. The $4,720–$4,730 region is now the immediate resistance zone, while prior breakout levels around 4,680 and then 4,630 should act as support on any pullback. As long as gold remains above these levels, the overall trend remains bullish.

Gold 1H Chart

Gold 1H Chart 20-1-2026
Resistance$4,720$4,734$4,750
Support$4,705$4,690$4,660

EURUSD Technical Analysis

EURUSD has transitioned from a corrective rebound into a more constructive short-term bullish structure. After forming a base around the 1.1576 low, price pushed higher with strong bullish candles and has now broken above the previous resistance zone near 1.1660.

From a moving average standpoint, the shift is clearly visible. Price is now trading above the moving averages MA(5), MA(10), and MA(30), with all three starting to slope upward.

Momentum supports the price action, with the MACD firmly above the zero line. Technically, the 1.1700 region now stands out as the next resistance, while former resistance around 1.1650–1.1660 should act as first support. Overall, EURUSD has shifted from a corrective bounce into a short term bullish continuation phase, although follo -through will depend on maintaining acceptance above the broken resistance.

EURUSD 1H Chart

EURUSD 1H Chart 20-1-2026
Resistance1.16981.17201.1745
Support1.16701.16451.1623

Bitcoin Technical Analysis

Bitcoin continues to exhibit clear bearish trend on the 1-hour timeframe. Following the sharp breakdown from consolidation earlier, price has failed to reclaim any meaningful resistance and has continued to trend lower, printing fresh intraday lows near the 90,700 area.

The moving averages reinforce this bearish structure. Price is trading well below the moving averages MA(5), MA(10), and MA(30) , all of which are sloping downward. This confirms that sellers remain firmly in control of momentum and trend direction.

MACD behavior further strengthens the bearish case. The indicator remains below the zero line, with the signal line and MACD line both pointing lower. This currently suggests loss of downside momentum. Unless Bitcoin can reclaim and hold above the moving average cluster, short term trend remains bearish.

Bitcoin 1H Chart

Bitcoin 1H Chart 20-1-2026
Resistance$91,983$92,569$93,278
Support$90,332$89,656$88,250
Open Live Account

Start trading with A globally leading broker

Want to start trading?

STARTRADER

Online Trading App

Online App Score
Install
Customer Service
Customer Service
Customer Service
Customer Service