GOLD - The battle for 4400. Will the growth continue?
FX:XAUUSD starts the week of 2026 with a rise of more than 1.5%, staying above $4,400 amid escalating geopolitical tensions in Latin America
Geopolitical crisis: US-Venezuela, Donald Trump threatened new military intervention if the interim government does not comply with Washington's demands.
Expanding risks: Trump hinted at Colombia and Mexico. The situation between Russia and Ukraine remains tense. Against this backdrop, investors are actively shifting funds into defensive instruments, including gold and the US dollar
Important US labor market data is expected this week, which could add to volatility. Venezuela has set up a commission to free Maduro, indicating a further escalation of the conflict.
Gold remains a priority for investors amid unprecedented geopolitical uncertainty. Short-term corrections are possible, but the overall uptrend is likely to continue, especially if the conflict in Latin America escalates
Resistance levels: 4440, 4470, 4519
Support levels: 4400, 4373
If the bulls keep gold above 4410-4400, then in the short and medium term, gold will be able to continue to grow despite the fact that the daily ATR has already been exhausted. Local and global trends are bullish...
Best regards, R. Linda!