Market Analysis 28 Jan 2026
In EURUSD, as precisely mentioned in Monday's analysis, the price received support from 1.18420-1.18710 and reached our targets at 1.18420-1.18710, 1.19020-1.19230, 1.19850-1.20040, and 1.20570. Now, if the price receives support from 1.19850-1.20040 or 1.19020-1.19230, it may continue to rise and reach our target at 1.20575 once more, and if it provides a close above 1.20850, then it could continue to increase and reach our next targets at 1.21490-1.21770 and 1.23140-1.23350. However, if the price fails to receive support, it could decrease toward 1.18710-1.18400, 1.18100 or 1.17200 to seek support. Additionally, if the price breaks below these levels and 1.16160 does not provide support, it could move toward the 1.15320 level for support; however, if this level also fails to support, then it could decrease further to reach targets at 1.14950, 1.13540–1.13750, and 1.13150–1.12890.
In WTI, as precisely mentioned in Monday's analysis, the price continued to increase and after breaking above 60.980-61.400, it reached our next target at the 61.850 level. Now if the price provides a close above 62.800, 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 it fails to do so or the 62.900-63.550 zone acts as resistance, the price could decrease toward 61.850, 61.400-60.980 and 59.930-59.600 to seek support. Furthermore, if it breaks the 58.700-58.230 zone and provides 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. Initially the price faced resistance at the 5111-5117 level and moved toward the 5031 and 4998 zones, then after receiving support from this zone, it started to increase, and after providing a close above the 5091 zone, it reached all of our targets at 5111-5117, 5170-5178, and 5256-5265. Now if the price continues to increase, it could reach our next targets at 5342-5362, 5429, and 5468. However, the price might face resistance at 5265-5256 and start to retrace some of its bullish momentum toward 5111-5117, 5170-5178, 5091, 5031, 4989, 4933-4924, 4883, 4845, and 4791-4777. and if it fails to receive support from these zones, then it could decrease further toward 4706, 4675-4665, 4641-4638, 4614-4606, and 4574-4566 for support.
In the S&P 500, as precisely mentioned in Monday’s analysis, the price continued to increase and it reached our targets at 6946 and 6978. Now if the price continues to increase, it could reach our next targets at the 7019-7031, 7054, and 7118-7141 zones. However, if the price faces resistance at the 7019-7031 zone, it could retrace some of its bullish momentum and move toward 6978, 6946 , and 6914-6904 to seek support. Furthermore, if it breaks these zones and provides a close below 6845, then it could reach 6837-6830, 6803-6788, 6785, 6750, 6727-6720, 6698, and 6675-6665 zones to seek support.
