GOLD IN FREE FALL FROM $4,890 ATH - BITCOIN STAGES SURPRISE COMEBACK NEAR $90K

Release Time: 10:00, January 22, 2026 Issuer: Mr. Leon

MARKET OVERVIEW

1. Stock Market:

  • Vietnam Market: The market is under correction pressure after failing to successfully surpass the 1,900–1,920 resistance zone, yet it still strives to maintain points above the MA(10) line. Increased liquidity indicates rising supply pressure, but supporting cash flow remains active, absorbing selling force during dips. Despite the appearance of an oversold state, the support zone around 1,860 points is proving effective, opening up the possibility for a recovery to retest the 1,900–1,920 barrier in the near future. Supply-demand dynamics will be decisive for the next trend.

  • US Market: In the Jan 21 session, Wall Street staged a strong recovery after the previous deep sell-off, driven by news that President Trump canceled plans for new tariffs on Europe and investors breathing a sigh of relief regarding trade tensions. The Dow Jones Industrial Average rose ~1.21% to ~49,077 points, the S&P 500 gained ~1.16% to ~6,876 points, and the Nasdaq Composite climbed ~1.18% to ~23,225 points, reflecting a broad return of buying power.

2. Forex:

  • NZD/USD: Dominant trend is Bullish. Daily resistance: 0.58700; Daily support: 0.58300. Consider Long positions if price breaks the daily resistance zone.

  • EUR/USD: Dominant trend is Bullish. Daily resistance: 1.17400; Daily support: 1.16700. Consider Short positions if price breaks the daily support zone.

3. Gold:

  • Performance: After hitting an All-Time High (ATH) around $4,890, Gold faced massive profit-taking pressure. Price went into free fall, forming long-bodied red candles, breaking the previous vertical bullish structure. It is currently trading around $4,796.

  • Structure: The Decycler Trident system has flashed a "BREAK" signal (red downward triangle), confirming the hot uptrend has been snapped. The price has pierced through the short-term support band and is hurtling towards the "Hard Floor" (Red Box) at $4,750 - $4,760.

4. Oil:

  • XTI/USD: Dominant trend is Bullish. Daily resistance: 60.80; Daily support: 60.30. Consider Long positions if price breaks the daily resistance zone.

5. Bitcoin:

  • Performance: Contrary to Gold, BTC is showing signs of life. After bottoming around $88k, the price has rebounded and is currently approaching the psychological level of $90,000 (specifically $89,838).

  • Structure: A "GO" signal (green triangle) has appeared consecutively, pushing the price above the resistance band. The dominance of green candles shows that Bulls are trying to regain control.

RECOMMENDATIONS:

NZD/USD:

  • Sell Stop: 0.58300

  • Stop Loss: 0.58600

  • Take Profit: 0.57700

NOTABLE EVENTS TODAY: 

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.