In EURUSD, as mentioned in Wednesday’s analysis, the price received support from the bottom of our trading range at 1.16160 and has reached to the top of it at 1.17400. Now If the price breaks over the 1.17500 level, it may reach 1.18420-1.18710, 1.19230, or possibly 1.20040. However, if it falls below 1.15900, it could decrease to 1.15310, and then if this zone fails to support the price, it could decrease further toward our targets at the 1.14550 and 1.13540-1.13750 zones.
In WTI, as precisely mentioned in Wednesday's analysis, the price faced resistance from the 65.970-65.700 zone and moved toward our targets at 64.690, 63.250 and 61.400-60.990. Now if this zone supports the price, it could continue to move toward 64.690 and 65.700-65.970 once more and if it breaks above the 65.710 zone with a close above 66.100, then it could continue to move toward 67.790-67.980 and 69.100. But if 61.400-60.990 fails to support the price, then it could decrease further toward the ranges of 59.200-58.840 and 57.800-58.100.
In XAUUSD, as precisely mentioned in Monday’s analysis, the price continued to increase and provided a close above 3546 and started to reach our targets at 3580-3592. Now if the price continues to increase and provide a close above 3601, then it could continue to move toward 3608-3616, 3647, and 3694. But if the 3592-3600 zone acts as resistance, then it could start to retrace some of its movements toward 3565, 3552-3546, 3511, 3501-3490, and 3483 to receive support from them. At this point if the 3461 fails to support the price, then it could decrease further toward the 3448, 3429, 3409-3400, and 3391-3387 zones.
In the S&P 500, as precisely mentioned in Wednesday’s analysis, the 6418 zone acted as support and pushed the price toward our targets at 6456-6478 and 6504-6519. Then the 6519 zone acted as resistance once more and reached our target at 6456-6478. Now If this zone acts as support, then it could increase toward 6504-6519, 6539, 6564-6573, and 6598. However, if this zone fails to support the price, it will decrease further toward our target levels of 6418, 6361-6364, and 6335-6326 for potential support. If these levels also fail to hold, the price could drop further to 6300, 6227-6214, 6177, and 6132-6119.
