Market Analysis 21 Jan 2026
In EURUSD, as precisely mentioned in Monday's analysis, the price received support and reached our target at 1.16920-1.17200. Now, if the price receives support here, it may continue to rise, and if it closes over 1.18100, it may achieve our targets of 1.18420-1.18710, 1.19230, or even 1.20040. However, if the price fails to find support at this level, it could decrease toward 1.16160 once more. Also, if it breaks below this zone with a close below the 1.15750, then it could move toward the 1.15320 level to receive support; though, if this level 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 price received support from the 58.700–58.230 zones and started to increase toward our zone at 59.700–59.950. Now if the price breaks above this zone, it could increase and reach our targets at the 60.980-61.400 zone and 61.850; additionally, if it closes above 62.500, it may continue to move toward the ranges of 62.900-63.550, 64.690, 65.710, 67.790-67.980, and even 69.100. However, if this zone or the 60.980-61.400 zones act as resistance, it could decrease once more toward 58.700–58.230 to seek support. Furthermore, if it breaks this zone with a close below 57.400, then it could decline towards the levels of 56.570-56.180, 54.630, 52.020, and 49.880.
In XAUUSD, as precisely mentioned in Monday’s analysis. The price continued to increase, and after providing a close above the 4675-4679 zone, it reached all of our targets at 4706, 4730, and 4777-4791, along with a new all-time high at 4888. Now if the price continues to increase and breaks above the 4883 level with a close above 4890, it could continue to increase and reach our next targets at 4932, 4982, and 5031. However, the price might face resistance at the 4883 level and start to retrace some of its bullish momentum toward 4791-4777, 4730, 4706, 4675-4665, 4641-4638, 4614-4606, and 4574-4566, and if it fails to receive support from these zones, then it could decrease further toward 4538-4529, 4515, 4488-4482, 4460-4455, and 4410 for support.
In the S&P 500, as precisely mentioned in Monday’s analysis, the 6880 zone failed to support the price and after providing a close below 6870, it started to decrease and reached our targets at 6837-6830 and 6803-6788. Now if the price receives support from this zone and continues to increase, it could reach 6837-6830, 6864, 6880, and 6904-6914. Also, if it breaks above the 6978 level with a close above 6999, it could reach our next targets at the 7019-7031, 7054, and 7118-7141 zones. However, if the price fails to receive support, and it provides a close below 6785, it could continue to decrease toward the 6750, 6727-6720, 6698, and 6675-6665 zones to seek support.
