In EURUSD, as mentioned in Wednesday’s analysis, the price is still trading between the 1.13540 and 1.11670 zones; therefore, traders should be cautious until it exits either side of this range. Currently, the price is attempting to break out from the upper end of this range; if it breaks above the 1.13540 zone and closes above 1.14350, it could then reach the zones of 1.14950–1.15310, 1.16460–1.16920, and 1.18420. But if the price comes below the 1.11670 zone and breaks it with a close below 1.11300, then it could decrease further toward 1.10060, 1.09370, and even to the 1.0800 zone.
In WTI, as precisely mentioned in Wednesday’s analysis, the price was unable to provide a close below 59.800 and has started to increase toward 62.300–62.770. If it breaks above it, then it could reach our next targets at the 65.700-65.970 and 68.280-68.500 zones. But if the price faces a resistance and starts to decrease with a close below 59.400, then it could reach the 59.200-58.800 and 58.140-57.600 zones.
In XAUUSD, as precisely mentioned in Wednesday’s analysis, the 3304-3289 zone was unable to support the price and it moved toward our target at the 3247-3239 zone to receive support. Now the price after receiving support from our zone is moving toward the 3342-3356 zone; if it breaks above this zone with a close above 3369, then it could reach the 3384, 3393-3405, and 3448 zones. But if this zone acts as a resistance and pushes the price lower, it might try to test the 3239–3247 or 3220–3211 zones once more, and then if these zones fail to support the price and we observe a price close below 3150, it could decrease further toward the 3112–3097, 3077, 3054, and 2996–2988 zones.
In the S&P 500, as precisely mentioned in Wednesday’s analysis, the price was unable to provide a close above 5973 and has started to move toward our target at 5930-5917. Now price is trying to reach the 5827-5803 zone to receive support from it and move toward the 5973 once more and break above it to continue to move toward the 6041-6068 and 6120-6136 zones . However, if this zone fails to support and we witness a price close below 5740, it could continue to fall toward 5692-5674; if this zone fails to support the price and we see a close below the 5571 zone, it could fall further toward the 5269-5227, 5115, and 5010-4947 zones.
