Market Analysis 04 Feb 2026
In EURUSD, as precisely mentioned in Monday's analysis, the price failed to receive support from 1.18710-1.18400 and started to decrease and reached our target at 1.18100 and, after receiving support, has increased toward 1.18710-1.18400 once more. If the price increases and breaks above the 1.18710-1.18400 range, it may continue to rise and reach our targets at 1.19020-1.19230, 1.19850-1.20040, and 1.20575. Additionally, if it closes above 1.20850, it could further increase and reach our next targets at 1.21490-1.21770 and 1.23140-1. However, if the price faces resistance at this zone, it could decrease toward 1.18100 and 1.17200 to seek support. Additionally, if the price breaks below these levels and 1.16160 does not provide support, it could move toward the 1.15320 level for support; but if this level also fails to support, then it could decrease further to reach targets at 1.14950, 1.13540–1.13750, and 1.13150–1.12890.
In WTI, as precisely mentioned in Monday's analysis, the price received support from 61.400-60.980 and continued to increase and reached our target at 62.900-63.550. Now if the price breaks above this zone, it could increase and move toward our targets at the 64.690 and 65.710-65.980 zones. Also, if it provides a close above 66.250, it may continue to move toward the ranges of 67.790-67.980, 69.100, and 70.640-70.860. However, if the 62.900-63.550 zone acts as resistance, the price could decrease further toward 61.400-60.980 and 59.930-59.600 to seek support. Furthermore, if it breaks the 58.700-58.230 zone and provides a close below 57.400, then it could decline towards the levels of 56.570-56.180, 54.630, 52.020, and 49.880.
In XAUUSD, as precisely mentioned in Monday’s analysis, price received support from the 4410-4399 zone and started to increase toward our targets at 4574–4566, 4606–4614, 4638–4641, 4665–4675, 4706, 4777–4791, 4845, 4883, 4924–4933, 5031, and 5091-5117. At this stage, if price continues to increase, it could move higher toward our targets at 5170-5178, 5256-5265, 5342-5362, 5429, 5468, and 5567. However, if price faces resistance at the 5091-5117 zone, it could decrease further toward 4363, 4352, 4924–4933, 4883, 4845, 4215–4205, 4149–4143, 4777–4791, 4706, 4665–4675, 4638–4641, 4606–4614, and 4574–4566.
In the S&P 500, as precisely mentioned in Monday’s analysis, The price received support from the 6840–6830 zone and began to rise toward our targets at 6904–6914, 6946, and 6978. It then faced resistance and pulled back to the 6864 zone, where it found support once again. After receiving this support, the price resumed its upward move and reached our target at 6904–6914. At this stage, if the price continues to increase, it could move toward our next targets at 6946, 6978, 7019–7031, 7054, and 7118–7141. However, if the price faces resistance and breaks below the 6830 zone and provides a close below 6810, it could decline further and seek support at 6803–6788, 6785, 6750, 6727–6720, 6698, and 6675–6665.
