In EURUSD, as mentioned in Monday’s analysis, there has been no change in the price behavior, and it is still trading within the same range as last week, between the 1.12750 and 1.13790 zones. Now it is trying to break above this zone, and if we witness a close above 1.43450, 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 1.11670, 1.10060, 1.09370 and also the 1.0800 zone.
In WTI, as precisely mentioned in Monday’s analysis, the 55.840 acted as a support and pushed the price toward our targets at the 57.620-57.940 zone and after breaking it, it has reached the 59.530-60.100 zone. Now if the price breaks above this zone and we see a close above 60.100, then it could reach the 61.120-61.500 zone. In the other scenario, the price might return to test the 57.620-57.940 zone, so if this zone fails to support and we observe a price close below 54.630, then it could decrease further toward the 52.020 zone. If this zone also fails to act as support, then it may reach the 50.100 zone.
In XAUUSD, as precisely mentioned in Monday’s analysis, the price exited from the top of the 3259-3270 zone and started to reach all our targets at 3296-3304, 3359, and 3399-3408. Currently, the price is trading below the 3399-3408 zone, and if this zone acts as resistance and holds the price, then it could start to decrease toward the 3359, 3317-3305, and 3273-3264 zones. However, if tensions between India and Pakistan rise again, and if the price continues its bullish trend while also closing above the 3435 zone, it could increase further toward the 3448, 3490-3502, and 3580-3592 zones.
In the S&P 500, as mentioned in Monday’s analysis, it appears that the price is trying to come back to the 5540-5498 or 5450-5420 zones for testing them as a support. If these zones hold and it continues its bullish trend, then it can reach our targets at 5810-5840 and 5915. However, if these two zones fail to support the price and the price falls below the 5328 zone with a strong close, then it can further decrease toward the 5269-5227, 5115, and 5010-4947 zones.
