Market Analysis 04 Mar 2026
In EURUSD, as precisely mentioned in Monday’s analysis. The 1.17200-1.16920 didn't support the price and it started to decrease, reaching our targets at 1.16160 and 1.15320. Now if the price receives support from the 1.15320 and breaks above the 1.16160, it could move toward the 1.16920-1.17200 and 1.18090. If it provides a close above 1.18300, then it could move toward 1.18420-1.18700 and 1.19020-1.19230. However, if the price fails to find support in the 1.15320 range, it could lead to further downside toward 1.14950, 1.13540–1.13750, and 1.13150–1.12890.
In WTI, as accurately highlighted in Monday’s analysis, the price managed to close above 72.800, extending its rally toward our targets at 73.180–73.300, 74.190–74.510, 75.540–75.780, and 76.770–77.010. After encountering resistance in this area, the price began to retrace part of its bullish momentum. At this stage, if bullish momentum remains strong and the price provides a confirmed close above 77.200, further upside may follow toward 78.130–78.390, 79.350, 81.970–82.200, and 84.370–84.650. On the downside, if the price faces resistance and closes below 71.200, it may decline toward the 70.780–70.500 and 68.100–67.800 zones to look for support. Moreover, if these areas fail to hold, a deeper breakdown could push prices toward 66.300, 65.700, 64.695, and 63.650–62.930.
In XAUUSD, As precisely mentioned in Monday’s analysis, the 5420 zone acted as resistance and the price started to decrease toward our targets at 5342–5362, 5256–5265, 5178–5170, 5117–5091, and 5031. After receiving support from this zone, it has increased toward the 5170-5178 zone. At this point, if the price breaks above this zone and bullish momentum continues, further upside may unfold toward the 5256-5265, 5342-5362, 5429-5441, 5468, 5538-5567, and 5647 levels. Conversely, if the 5178-5170 zone acts as resistance, the price could decrease further, toward the 5117–5091 and 5031 once more. Moreover, a clear break below the 4996 level could trigger a renewed bearish move toward lower supports at 4983, 4924–4932, 4845, 4747–4730, 4675–4665, 4614–4602, 4574–4566, and 4488–4482.
In the S&P 500, As precisely mentioned in Monday’s analysis, the price continued to decline and reached our target at the 6727-6720 zone, and after receiving support from this zone, it has started to increase, reaching our targets at the 6788-6803 and 6830-6837 zones. At this point, if the 6803–6788 zones act as resistance, the price could move toward the 6727–6720 area once more, and if it breaks below this zone as well, it may lead to deeper losses toward 6698, 6675–6665, 6636–6625, 6611, and 6573–6564. Conversely, if the price receives support and breaks above the 6830-6837 level with a close above 6845, it could increase toward our targets at 6864, 6880, and 6904-6914.
