Market Analysis 12 Jan 2026
In EURUSD, as precisely mentioned in Wednesday's analysis, the price provided a close below 1.16550 and moved toward our target at 1.16160 to seek support. If the price receives support from this level, it could reach our zone at 1.16920, and if it 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 level and it provides a close below the 1.15850, then it could move toward the 1.15320 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 56.570-56.180 zone acted as support, pushing the price toward our targets at the 58.230-58.700 zone; after breaking this level with a close above 59.000, the price reached our next target at 59.600-59.900. However, after facing resistance, it has returned to test the 58.700-58.230 zone for support. Now If the price receives support from this zone again and breaks above 59.600-59.900 with a close above 60.300, it could reach our targets at 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 58.230-58.700 zone fails to support the price, and it provides a close below 57.400, then it could decline further towards the levels of 56.570-56.180, 54.630, 52.020, and 49.880.
In XAUUSD, as precisely mentioned in Wednesday’s analysis. The price received support from the 4410 zone, and after breaking above 4488, it moved toward all of our targets at 4515, 4529-4538, 4566-4574, and 4602-4614. However, after reaching 4602, it faced resistance and has moved toward the 4574-4566 zone to seek support. Now if the price receives support from this zone and breaks above the 4614 zone, it could continue to increase and reach our targets at 4641, 4675-4679, and 4706. However, the price might fail to receive support from this zone, then it could drop toward 4538-4529, 4515, 4488-4482, 4460-4455, and 4410 for support.
In the S&P 500, as specifically mentioned in Wednesday’s analysis, the price received support, and after providing a close above 6955, it reached our target at 6978. However, it faced resistance at this level and started to move toward the 6914-6904 zone to seek support. Now if the price receives support and continues its bullish momentum with a close above the 6980 level, it could reach our next targets at the 7019-7031, 7054, and 7118-7141 zones. However, if the price fails to receive support, it could start to retrace some of its movement toward the 6880, 6837-6830, 6803-6788, 6750, 6727-6720, 6698, and 6675-6665 zones to seek support.
