#Gold Price News Today 22-1-2026 - Elliott Wave and technical analysis of Gold, focusing on market structure, key support and resistance zones. Video by MCO Global Equities & Commodities.
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Gold prices are down -0.80% today, January 22, 2026, trading at approximately $4,818 - $4,819 per ounce. This pullback follows a record-breaking session yesterday when gold reached a new all-time high of $4,887.82. The market is currently seeing a technical correction driven by profit-booking and a sudden reduction in geopolitical risk premiums.
Key Market Drivers
--Trump Policy Shift: Prices fell sharply after U.S. President Donald Trump backed away from tariff threats against Europe and retreated from proposals regarding Greenland, significantly cooling global geopolitical tensions.
--Profit-Booking: Following a 64% gain in 2025 and an 11% surge in early 2026, investors are liquidating positions to lock in gains after the metal's approach to the $5,000 milestone.
--Economic Indicators: Traders are cautious ahead of today's release of the U.S. Personal Consumption Expenditure (PCE) price index and the final Q3 GDP report, which will guide future Federal Reserve policy.
Regional Price Snapshot (January 22, 2026)
--India: 24K gold is trading at approximately ₹152,010 per 10 grams, down nearly 1% from yesterday's peak.
--Indonesia: Prices at Pegadaian for Antam gold dropped by Rp17,000 per gram.
--Forecasts: Despite today's dip, Goldman Sachs raised its end-2026 gold price forecast to $5,400 per ounce, citing continued central bank diversification.
