In EURUSD, as precisely mentioned in Wednesday’s analysis, the price receives support from our zone at 1.08060-1.07620 and then smashes through all of our targets at 1.09070-1.09370 , 1.09820-1.10000, and 1.11450-1.11690. And now the price has come back for testing the 1.09070-1.09370 zone. If this zone holds as a support, we might see a continuum in the bullish movement toward 1.09820-1.10000 and also 1.11450-1.11690 and 1.12750. But if we see a close below 1.07200 , then we have targets at 1.06950-1.06820 and 1.0630-1.0610; also, the price might decrease further and toward the 1.05270-1.05100 zone.
In WTI, and after President Trump's speech and executive order on tariffs on Wednesday night that is signaling a possible global recession, the price broke below the 70.510 zone and decreased toward our targets at 68.400, 65.900 and 62.300. Now the price is trading below this zone and moving toward 58.680–58.170; if this zone acts as a support, then we can see upward movement toward 62.300 and 65.700 zones, but if this zone fails to support the price, then the price will decrease toward our zones at 54.630 and 52.230.
In XAUUSD, after President Trump's speech and as mentioned in Wednesday’s analysis, the price broke below 3100, and we saw a strong close below the 3089 zone as well, resulting in bearish movement to start toward our targets at 3073-3066, 3045, 3026-3018, and 2990 as well. Now the price is trading above the 3018-3026 zone; if this zone or the 2985-2991 zone acts as a support, then the price could increase toward the 3045, 3060-3065, 3089, and 3121-3129 zones. But if we see a strong close below 2972, then the price could decrease toward the 2922–2915, 2881–2875, and 2834–2827 zones.
In the S&P 500, as mentioned in Wednesday’s analysis, the 5702-5720 zone acted as resistance and pushed the price toward our bearish targets at 5349-5336, 5267-5222, and 5010. Now the price is trading at the 4830 zone, and if this zone is able to hold the price and act as a support, then the price could start to increase toward our targets at the 5010, 5222, and 5390–5400 zones. But if we see a close below 4800, then the price could continue its strong bearish momentum toward our targets at 4710-4680 and 4575-4535 zones.
