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Jan 12, 2026

XAU/USD chart on the weekly time frame

XAU/USD chart on the weekly time frame

Gold has recovered from the year-end sell-off, yet its weekly and monthly charts indicate the asset remains in a technically extreme and historically overextended position, raising significant concerns regarding trend sustainability. 

On the daily timeframe, however, no confirmed sell signal has yet materialized. 

For short-term traders with existing long positions, it is prudent to raise protective stops to $4400 while establishing profit-taking targets, first at the prior high near $4450 and subsequently near $4600.

Medium-term investors are advised to maintain a cautious posture, continuing to take profits on rallies while utilizing a stop-loss at $4275 for any open exposure.
 
EURUSD Chart on the weekly time frame

EURUSD Chart on the weekly time frame

As anticipated in the prior analysis, the MACD indicator for the EUR/USD pair did not generate a new bullish crossover, precipitating a sell-off. 

Consequently, the pair registered a second consecutive weekly decline, reinforcing the significance of the resistance level at approximately 1.1800. 

This bearish momentum suggests a heightened probability of further depreciation toward the key support zone near 1.1500. In this context, a range-bound strategy—initiating long positions near support and short positions near resistance—remains applicable. 

A sustained bullish breakout above 1.1800 is required to signal a new buying opportunity, while a confirmed breakdown below 1.1500 would indicate a start of the broader downtrend.

 
USTEC chart on the weekly time frame

USTEC chart on the weekly time frame

The USTEC index concluded the weekly session with a decisive close above the upper boundary of its preceding symmetrical triangle consolidation pattern. 

This breakout, while not accompanied by significant volume expansion, is technically supported by bullish indicator readings and the strength of the weekly close. 

The breakout suggests a resumption of the prior bullish trend, with an initial upside objective established at the previous swing high of 26,250. 

From a risk-management perspective, the successful breakout establishes a new near-term support level near 25,400, which serves as a logical short-term stop-loss reference. 

A secondary, wider stop-loss can be positioned near 25,100 to accommodate medium-term volatility.
Consequently, new long entries are justified by a favorably skewed reward-to-risk profile, targeting the identified resistance level.
 

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