Today, January 28, 2026, Gold (XAUUSD) is exhibiting historic bullish momentum, trading near record highs around $5,230 - $5,245. The primary driver is a weakening US Dollar and heightened safe-haven demand ahead of the Federal Reserve’s policy meeting later today. While technically "overbought" on the RSI, the trend remains firmly upward. The possible next move is a push toward $5,300 if the Fed maintains a neutral-to-dovish tone. Conversely, expect a minor corrective dip toward $5,160 if profit-taking occurs, though buyers are currently aggressive on any slight retracement.
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