In EURUSD, as precisely mentioned in Monday’s analysis, the price exited the top of the aforementioned trading range (1.13540 and 1.11670 zones) but didn’t provide a strong close above 1.14350. Currently, the price is attempting to receive support from the 1.13540-1.13750 zone; if it holds the price and provides a close above 1.14550, it could then reach the zones of 1.14950–1.15310, 1.16460–1.16920, and 1.18420. But if the price comes to 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 mentioned in Monday’s analysis, the price is trying to break above the 62.300-62.770 zone. So if it breaks with a close above 63.990, then it could reach our next targets at the 64.695, 65.700–65.970, and 68.280–68.500 zones. But if the price faces a resistance once more from this zone 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 Monday’s analysis, the price broke above the 3342-3356 zone with a close above 3369 and then reached our targets at the 3384 and 3393-3405 zones. Now the price has returned to the 3342-3356 zone to receive support from it and then move toward the 3384, 3393-3405, and 3448 zones once more. But if this zone fails to support the price, it could decrease further 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 Monday’s analysis, the price received support and moved toward the 5973 zone once more and is trying to break above it to continue to move toward the 6041-6068 and 6120-6136 zones. However, if this zone acts as resistance for the third time and pushes the price lower along with a price close below 5740, it could continue to fall toward 5692-5674; then after this zone also 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.
