GOLD TRIGGERS "BLUE SKY BREAKOUT" TO $5,207 - SHORTS LIQUIDATED: OPPORTUNITIES FOR OIL & BITCOIN?

Release Time: 10:00, January 28, 2026 Issuer: Mr. Leon

MARKET OVERVIEW

1. Stock Market:

  • Vietnam Market: The market continues to correct and has slipped below the MA(20) with a slight decrease. Declining liquidity indicates that selling pressure is cooling, but supporting cash flow remains hesitant. Falling below the MA(20) has pushed the market into a short-term oversold state; however, recovery signals are not yet clear. It is expected that the market may find support and experience a short-term technical recovery to retest the MA(20) zone in the next trading session.

  • US Market: Wall Street posted slight gains and recovered following the previous correction, as investor sentiment improved thanks to economic data that was not overly negative. The S&P 500 rose ~0.4% to near 6,905 points, the Dow Jones Industrial Average gained ~0.5% to around 49,480 points, while the Nasdaq Composite edged up ~0,3% to the 23,630 points zone. Developments show that cash flow remains cautious but has not withdrawn from the market; the medium-term uptrend remains intact.

2. Forex:

  • EUR/USD: Dominant trend is Bullish. Daily resistance: 1.20000; Daily support: 1.18500. Consider Long positions if price breaks the daily resistance zone.

  • NZD/USD: Dominant trend is Bullish. Daily resistance: 0.60500; Daily support: 0.59600. Consider Long positions if price breaks the daily resistance zone.

3. Gold:

  • Performance: There are no words left to describe the strength of Gold right now. After a short consolidation around $5,060, the price triggered a blockbuster move, erecting a vertical column piercing through $5,100 and is currently trading at the unimaginable level of $5,207.

  • Structure: This is a typical "Blue Sky Breakout" state. The price has entered an infinite zone with no resistance overhead. Consecutive long-bodied green candles indicate that Shorts have been completely "Liquidated", leaving only FOMO buying force driving the price up.

4. Oil:

  • XTI/USD: Dominant trend is Bullish. Daily resistance: 63.00; Daily support: 60.20. Consider Long positions if price breaks the daily resistance zone.

5. Bitcoin:

  • Performance: Compared to Gold, BTC seems significantly "overshadowed" but has managed to maintain a positive recovery rhythm. Price is currently trading around $89,149, a slight increase from yesterday's bottom.

  • Structure: Price is struggling to escape the $87k - $88k quagmire. The candlestick structure is creating Higher Lows, showing that Bulls are quietly accumulating. However, the psychological resistance of $90,000 remains a major challenge yet to be overcome.

RECOMMENDATIONS:

1. USOIL:

  • Buy Entry: 62.432

  • Stop Loss: 58.000

  • Take Profit: 73.385

2. EUR/USD:

  • Sell Entry: 1.19950

  • Stop Loss: 1.21000

  • Take Profit: 1.17600

NOTABLE EVENTS TODAY: No significant news.

DISCLAIMER:

  • The above analysis represents the personal views of analyst Leon from Lotus and does not constitute a basis for actual market participation.

  • Lotus only provides technical trading analysis and trading knowledge training for students.

  • Lotus does not represent any securities company or asset management firm.

  • Lotus does not accept capital management for students.