Market Analysis 07 Jan 2026
In EURUSD, as precisely mentioned in Monday's analysis, the price failed to provide a close below 1.16700 and went back above 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 1.16550, 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 Monday's analysis, the 56.570-56.180 zone initially acted as support, pushing the price toward our target at the 58.230 zone; however, the price failed to provide a close above the 59.000, and this zone acted as resistance again, leading to price movement back toward the 56.570-56.180 zone. Now If the price receives support from this zone again and breaks above 58.230-58.700 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, and it provides a close below 55.600, then it could decline further towards the levels of 54.630, 52.020, and 49.880.
In XAUUSD, as precisely mentioned in Monday’s analysis. The price broke above the 4410 level with a close above 4435 and reached our targets at 4455-4460 and 4482-4488, then started to retrace some of its movement. Now if the price receives support from the 4410-4399 zone and breaks above the 4488 zone with a close above 4502, it could continue to increase and reach our targets at 4515, 4529-4538, 4566-4574, and 4602-4614. However, the price might fail to receive support from this zone, then it could drop toward 4352-4343, 4303, 4273-4262, 4216-4205, 4149-4143, 4101, and 4076-4068 for support.
In the S&P 500, as precisely mentioned in Monday’s analysis, the price received support and started to move toward our targets at 6880, 6904-6914, and 6939. Now if the price receives support and continues its bullish momentum with a close above the 6955 level, it could reach the next targets at the 6978, 7019-7031, 7054, and 7118-7141 zones. However, if the price faces resistance at the 6939 zone, it could start to retrace some of its movement toward the 6914-6904, 6880, 6837-6830, 6803-6788, 6750, 6727-6720, 6698, and 6675-6665 zones to seek support.
