Market Analysis 05 Jan 2026
In EURUSD, as mentioned in Wednesday's analysis, the price reached our zone at 1.16920-1.17150 to seek support. If the price receives support from this zone and continues to increase with a close above 1.18100, it could potentially reach our targets at 1.18420–1.18710, 1.19230, or possibly 1.20040. However, if the price fails to find support at this zone and it provides a close below the 1.16700, then it could move toward the 1.16160 level to receive support; though, if this zone fails to provide support, the price could decrease further to reach targets at the 1.14950, 1.13540–1.13750, and 1.13150–1.12890.
In WTI, as precisely mentioned in Wednesday's analysis, the 58.230 zone acted as resistance and pushed it toward our target at the 56.570-56.180 zone. If the price receives support from this zone again and breaks above 58.230 with a close above 59.000, it could reach our targets at 59.610-59.900, 60.980-61.400, and 61.850; additionally, if it closes above 62.500, it may continue to move toward the ranges of 64.690, 65.710, 67.790-67.980, and even 69.100. However, if the 56.570–56.180 zone fails to support the price, it could decline further to the levels of 54.630, 52.020, and 49.880.
In XAUUSD, as precisely mentioned in Wednesday’s analysis. The price received support from 4273–4262 and moved toward our targets at 4331–4343 and 4399–4410. Now if the price breaks above this zone with a close above 4435, it could continue to increase and reach our targets at 4455-4460, 4482-4488, 4515, and 4529-4538. However, the price might fail to break through this zone, then it could drop toward 4273-4262, 4216-4205, 4149-4143, 4101, and 4076-4068 for support if 4462-4473 is unable to hold.
In the S&P 500, as precisely mentioned in Wednesday’s analysis, the 6880 zone acted as support and pushed the price toward our targets at the 6904-6914 zone, then it acted as resistance and pushed the price toward our next target at the 6830-6837 zone. Now if the price receives support and continues its bullish momentum, it could reach our targets at 6880, 6904-6914, and 6939. Furthermore, if it breaks this zone with a close above the 6946 level, it could reach our targets at the 6978, 7019-7031, and 7118-7141 zones. However, if the 6837-6830 zone fails to support the price, it could decrease further toward the 6803-6788, 6750, 6727-6720, 6698, and 6675-6665 zones to seek support.
