In EURUSD, the situation has remained unchanged since Wednesday’s analysis; the price is still trying to test the 1.17000-1.16920 zone. Now if this zone supports the price, it could continue to increase and reach our next targets at 1.18420-1.18710, 1.19230, or possibly 1.20040. However, if the price breaks below 1.16920 and the 1.16550 level does not support the price, it could decrease to 1.15310, and if this level fails to support the price, it could decrease further toward our targets in the 1.14550 and 1.13540–1.13750 zones.
In WTI, as mentioned in Wednesday's analysis, the price failed to receive support from 61.850 and started to move toward our target at 61.400-60.990. Now, if this zone acts as support, it may continue to increase toward the 64.690 level and if it provides a close above 66.190, it could continue to move toward the ranges of 67.790-67.980 and 69.100. However, if the 61.400-60.990 zones fail to support the price, then it could decrease further toward the ranges of 59.200-58.840 and 58.100-57.800.
In XAUUSD, as precisely mentioned in Monday’s analysis, the price continued to increase, and after providing a close above 3877, it reached our targets at 3880-3888, 3898-3905, 3925, and 3936-3944. Now if the price continues to increase and provide a close above 3946, then it could continue to move toward the 3976-3984, 4017, 4040-4053, and 4076 zones. But if the 3936-3944 zone acts as resistance, then it could start to retrace some of its movements toward 3925, 3905-3898, 3880-3888, 3821, 3806, 3780, 3743-3734, 3716, 3701, and 3694-3690. And if it breaks below these zones, then it could decrease further toward 3663, 3647, 3616-3608, and 3592.
In the S&P 500, as precisely mentioned in Wednesday’s analysis, the price was able to provide a close above the 6692 level and continued to reach our next targets at 6698, 6720-6727, and 6750. Now it might face resistance from the 6750 zone, then it could start to decrease toward 6698, 6675-6665, 6636-6625, 6598, and 6573-6564. But if it breaks above the 6750 level, then it could continue to reach our next targets at the 6788-6803, 6830-6837, and 6880 zones.
