In EURUSD, as mentioned in Wednesday’s analysis, the price is still trading in the same range as it was last week between 1.12750 and 1.13790 zones. If the price breaks above the 1.13550-1.13790 zone, then it can reach the 1.14950-1.15310, 1.16460-1.16920, and 1.18420 zones. But if we have a price close below 1.12500, then it can start to decrease toward the 1.11670, 1.10060, 1.09370 and also the 1.0800 zone.
In WTI, as precisely mentioned in Wednesday’s analysis, we saw a close below 59.500 and the price moved toward our targets at 58.170 and 55.840 zones. Now the price is at the 55.840 zone and if this zone acts as a support, then it can move toward the 57.620-57.940 zone and if it breaks above this zone it can continue to move toward the 59.530-60.100 and further it can reach the 61.120-61.500 zone. In the other scenario, if we saw a price close below 54.630, then it could decrease to the 52.020 zone and if this zone fails to act as support, then it could reach the 50.100 zone.
In XAUUSD, as mentioned in Monday’s analysis, the price formed a close below 3255 and moved toward our target at 3213. Now the price is trading between the 3259-3270 and 3213-3224 zones. Traders should wait for the price to exit either side of this trading range. If it exits from the top of this range, then it can move toward 3296-3304, and if this zone fails to act as resistance, then it can move toward 3359 and, after that, toward the 3399-3408 zone. But if we see a price close below the 3200 zone, then it can decrease further toward the 3182-3173, 3151-3145, and 3110-3094 zones.
In the S&P 500, as precisely mentioned in Wednesday’s analysis, after retesting the 5450 zone, the price started to increase and we witnessed a strong close above the 5550, which led the price to move toward our target at 5705-5720. Now the price might come back to test the 5540-5498 or 5450-5420 zones. If it continues its bullish trend, then it can reach our targets at 5810-5840 and 5915. But if these two zones fail to support the price and we witness a close below the 5328 zone. Then it can further decrease toward the 5269-5227, 5115, and 5010-4947 zones.
