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Jan 27, 2026

XAU/USD chart on the weekly time frame

XAU/USD chart on the weekly time frame

Gold extended its bullish trajectory last week, surpassing the projected target of $4660 and establishing a new all-time high of $4990. 
This advance is being sustained by persistent geopolitical tensions, which continue to propel prices higher, even as technical indicators reach extreme levels. 
While the daily chart framework shows no definitive sell signal and suggests a potential extension toward the $5100 zone, the weekly timeframe has now generated a bearish reversal signal, indicating an increased probability of near-term correction.
Consequently, the tactical posture remains a conservative hold for existing long positions, managed with a two-tiered stop-loss structure: a short-term stop at $4900 and a medium-term stop at $4700. 
A decisive weekly close below the $4700 level would invalidate the immediate bullish structure and present a high reward-to-risk opportunity for short positions. 
The initial downside target for such a scenario would be $4700, with a secondary medium-term objective at $4300.
 
EURUSD Chart on the weekly time frame

EURUSD Chart on the weekly time frame

The EUR/USD pair has completed a significant technical breakout, closing decisively above the key 1.1800 resistance level. 
This follows the prior confirmation of a higher low at 1.1577, establishing a new bullish pivot structure. 
With oscillators still positioned well below overbought territory, conditions are supportive of a sustained medium-term advance from current levels. 
The projected measured move objective from this formation targets the 1.2100 region.
Consequently, the tactical bias has shifted to a bullish framework. 
The primary strategy is to seek long entries on retracements, targeting 1.2100 with a protective stop-loss placed at 1.1570. 
A secondary, shorter-term approach targets 1.1900 with a tighter stop-loss at 1.1750. 
The longer-term technical structure remains bullish, with the recent consolidation interpreted as a corrective phase within the context of a predominant uptrend.
 

 
USTEC chart on the weekly time frame

USTEC chart on the weekly time frame

The USTEC index has demonstrated a prolonged consolidation phase, remaining within a defined range of 25,000 to 25,850 for ten consecutive weeks. 
Key technical indicators are nearing oversold conditions, suggesting a reduced probability of a near-term breakdown from the current range. 
Given the extended duration of this equilibrium, the subsequent directional movement is considered to be of greater significance. 
The primary tactical framework hinges on a confirmed breakout from the established range. 
A decisive break and close above the 26,000-resistance level would constitute a bullish signal, initiating a medium-term long position with a primary projected target near 27,300. 
Conversely, a sustained close below the key support level of approximately 24,675 would signal bearish momentum, triggering a short position with an initial target around 23,000. 
Prudent risk management dictates that new positions should only be established following a confirmed resolution of this consolidation phase.
 

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