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Technical Analysis Summary
Commodities 2026-01-07 01:13 source ↗

Technical Analysis Summary - January 6, 2026

Gold Analysis

Gold has shown a bullish reversal from a significant support zone, indicating a potential rise towards the resistance level of 4500.00. The support zone is identified between 4360.00 and the support trendline, which has previously acted as a strong resistance level.

EURAUD Analysis

The EURAUD currency pair has broken below a strong support level at 1.7465, suggesting a bearish outlook. The next target for this pair is the support level at 1.7245, indicating a likely continuation of the downward trend.

IBM Analysis

IBM has reversed from a support zone, showing signs of a bullish trend. The stock is expected to rise towards the resistance level of 305.00, following a bounce from the key support level of 290.00.

Palladium Analysis

Palladium has reversed from a round support level of 1600.00, which was previously a strong resistance level. The outlook is bullish, with expectations of a rise towards the resistance level of 1950.00.

Amazon Analysis

Amazon has broken through a resistance zone, indicating a bullish trend. The stock is likely to rise towards the resistance level of 250.00, following a breakout from the key resistance level of 238.00.

Nikkei 225 Analysis

The Nikkei 225 index has broken above the resistance level of 51160.00, suggesting a bullish trend. The next resistance target is set at 52860.00, indicating potential upward movement.

Ethereum Analysis

Ethereum has broken the round resistance level of 3000.00, which has accelerated the active impulse wave. The price is expected to rise towards the next resistance level of 3400.00.

Platinum Analysis

Platinum has also reversed from a support zone, with expectations of a rise towards the resistance level of 4500.00. The support level is identified at 2000.00, which was a former strong resistance level.

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Informational only. Not investment advice.