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Financial Market Recap – 21/01/2026
Forex Focus & Short-Term Trading Outlook for Traders Global financial markets on 21/01/2026 traded with a clear defensive tone. Rising risk aversion pushed capital away from risk assets and into safe-haven instruments. In the FX market, the key highlight was a broad-based weakening of the U.S. d
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Gold
Gold is still under pressure after breaking down from the 4,460–4,470 supply zone. The recent bounce from 4,415 looks corrective, not a trend reversal. As long as price stays below 4,444–4,451, rallies are likely to face selling pressure. A breakdown below 4,395 could accelerate the move toward 4,37
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The Capital is rotating from riskier markets to hard assets
* The Nasdaq vs Silver Ratio is screaming the above statement strongly * NASDAQ is in a bear trajectory against silver & expected to further fall 65% priced in SILVER A further downfall in the ratio (Nasdaq vs Silver), indicating 3 possibilities: 1. Either Silver will rise further, with hi
