1.28 Tuesday Intraday XAUUSD Outlook

The four-hour chart shows the price steadily operating within the upper band of the Bollinger Bands, with the upper band continuously rising and the middle band providing solid support. The candlesticks are gradually moving higher, indicating that the bullish momentum still dominates the market. The MACD indicator is above the zero line with a bullish alignment, and the momentum bars are expanding, highlighting the strength of the trend. Until the price effectively breaks below the middle band and key support levels, short-term pullbacks are viewed as opportunities for low-entry rather than signs of a structural reversal.

On the other hand, instability in the Americas and Middle East, trade tensions between major countries, and uncertain growth prospects of the world's leading economies have heightened market risk aversion. This has significantly activated gold's role as a safe-haven asset and store of value. Meanwhile, the US dollar index remains under pressure, and expectations of potential easing in monetary policy also support gold prices to rise.

Intraday, consider accumulating long positions in batches around 5220-5235, with targets at 5300 and 5340.