Analyst Christopher Lewis identifies critical technical levels and prevailing trends for major financial instruments as of January 11, 2026.
Gold:
Trend: Bullish, targeting $4900 based on an ascending triangle pattern.
Key Level: $4400 is critical support, having been defended multiple times.
Strategy: View short-term dips as buying opportunities within the overall uptrend.
Silver:
Trend: Strongly bullish, threatening a major breakout above $80.
Key Level: $70 acts as a major floor.
Catalyst: Volatility driven by perceived physical supply shortages.
Strategy: Buy on dips while above $70.
EUR/GBP:
Trend: Bearish, influenced by interest rate differentials favoring the UK.
Key Level: Watching for support near 0.8650.
Strategy: View short-term rallies as potential selling opportunities.
WTI Crude Oil:
Trend: Bearish within a downtrend, facing weak demand and strong supply.
Key Level: $60 is a major psychological resistance where selling pressure may increase.
Outlook: Recovery attempts are seen as rallies within a larger downtrend.
EUR/USD:
Trend: Range-bound consolidation.
Key Levels: 1.18 (major ceiling) and 1.14 (major floor).
Outlook: Expected to trade sideways, favoring short-term range strategies.
GBP/USD:
Trend: Neutral/Bearish-leaning, facing resistance.
Key Levels: Resistance above 1.35; a break below 1.34 could target 1.32. A break above 1.36 is needed for bullish momentum.
Outlook: Best-case scenario appears to be consolidation.
NASDAQ 100:
Trend: Bullish, consolidating with upward bias.
Key Levels: 26,000 is the major resistance to watch; 25,000 acts as support.
Target: A break above 26,000 could target 27,500.
Strategy: Buy short-term pullbacks; no interest in shorting.
USD/MXN:
Trend: Bearish on the US dollar against the peso.
Key Levels: 18.00 is strong resistance, with 18.50 as an absolute ceiling.
Catalyst: Interest rate differentials favor Mexico.
Strategy: Look for signs of exhaustion to short USD/MXN.
