Mid-January Technical Overview of the Four Major Assets: Mid-term Strategies for the US Dollar, Precious Metals, and Industrial Metals

GetRichLeek · 2026-01-15T11:37:28+00:00

This week, the United States will release important employment data, with the market focusing on JOLTS job openings, ADP employment data, and the non-farm payroll report. US bond options traders are betting that the 10-year Treasury yield will decline, and it is expected that interest rate fluctuations will favor stable gains in the stock market and commodities. The US dollar index faces resistance at 99.0; if it drops to 98.0, a correction may occur. Gold prices remain on an upward trend, copper prices are expected to rebound, and aluminum prices still have upside potential after short-term correction.

GetRichLeek

2026-01-15 11:37:28

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Market Background: Employment Data Becomes a Key Variable

This week, the US data releases are dense, with Wednesday’s JOLTS job openings and ADP employment data, and Friday’s non-farm payroll report becoming market focal points. US Treasury options traders are positioning for the 10-year US Treasury yield to decline, betting that yields will break below 4%. Slowing economic growth helps to suppress inflationary pressures. Supported by the continued expectation of easing by the Federal Reserve and the profit outlook for tech giants, stocks, precious metals, and commodities are expected to remain resilient.

US Dollar Index: 98.0 as the Bull-Bear Divide, Facing Resistance at 99.0

Last Tuesday, the US Dollar Index rose by 0.24%, with an intraday high of 98.62. Notably, the AO indicator shows increasing buying momentum, but the upward space is limited by the key resistance at 99.0 (double top neckline level).

Short-term trend: If the dollar’s rebound is blocked at 99.0, it is expected to decline further to 98.0 or even 97.0. From a medium-term perspective, the 98.0 level represents the dividing line between bullish and bearish.

Support levels: 98.0, 97.0, 95.2
Resistance levels: 99.0, 100.0, 101.30

Precious Metals: Gold Continues to Rise, $3000 Commodities Face Correction

Gold performance: Gold has risen for the third consecutive trading day, up 1.09%, reaching as high as $4,500, then oscillating around $4,470. Gold is currently trading above the daily upward trend line, with a healthy technical outlook, and the upward momentum is expected to continue until late January.

If support at $4,400 holds, gold may continue upward, challenging the $4,500 and even $4,600 levels. To change the upward pattern, a break below $4,300 is needed.

Gold support levels: 4400, 4300, 4150
Gold resistance levels: 4500, 4600, 4800

Industrial Metals: Copper Breaks Key Level, Aluminum Faces Short-term Rebound

LME Copper trend: Although Wednesday’s intraday decline approached 2%, with a low of $13,000, copper remains in a weekly main upward wave, with MACD momentum remaining strong, and the upward trend is expected to continue. After holding above $13,000, the market is likely to rebound toward $14,000 or even $14,800, with the medium-term rally extending into late January.

Copper support levels: 13000, 12570, 12000
Copper resistance levels: 13400, 14000, 14800

LME Aluminum pattern: On Wednesday, aluminum declined slightly by 1% to $3,097. The daily RSI is in the overbought zone, indicating short-term profit-taking needs. However, from a medium-term perspective, aluminum’s upward momentum remains robust, especially after breaking above $2,800, further opening the upside space. Support around $3,000 is crucial; holding steady could lead to rebounds toward $3,280 or even $3,630.

Aluminum support levels: 3000, 2900, 2800
Aluminum resistance levels: 3280, 3400, 3630

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