Good morning traders! Markets closed today (Sat Jan 17, 2026) — ideal time for big-picture review after yesterday’s impressive $179 profit session.
Current technical snapshot (weekly/monthly view):
• Gold now firmly above the 4,550–4,580 former all-time high cluster
• Weekly candle closed very strong with large bullish body
• Monthly candle on track for another massive green month (already +~7–8% in December 2025)
• Structure: higher highs + higher lows intact since October bottom
Key levels into next week:
• Immediate support: 4,500 → 4,480 → 4,450 (strong confluence)
• Next real support cluster: 4,380–4,400 (previous breakout zone)
• Resistance: 4,680 → 4,720 → 4,800 (psychological + measured move targets)
• Very extended target (if momentum continues): 4,950–5,050 still realistic in Q1 2026
Next week’s calendar highlights (Jan 19–23):
• Monday: light China data possible
• Tuesday–Thursday: multiple Fed speakers (watch tone carefully)
• Thursday: Flash PMIs Europe + US (very market-moving)
• Overall volume expected to remain thin until Tuesday–Wednesday
Strategic thoughts for Monday open:
1. Gap up continuation → look to add on pullbacks to 4,520–4,540
2. Gap down → treat as buying opportunity unless breaks 4,500 decisively
3. Sideways grind → scalp 30–50 pip ranges with tight stops
4. Best risk/reward still on dips while structure remains bullish
Exness 0.3-pip spreads + copy trading system continues to shine — yesterday’s $179 from a single clean move is textbook proof.
Rest well this weekend. Next week could be another $200+ week if the trend stays intact.
See you at the open Monday!