In EURUSD, as mentioned in Monday’s analysis, the price received support from our zone at 1.09070-1.09370 and then reached our target at 1.09820-1.10000. Now the price is moving towards our next target at 1.11450-1.11690. but the price could come back for testing the 1.09820-1.10000 zone once more and then continue its bullish momentum towards targets at 1.11450-1.11690, 1.12750-1.1289, and 1.13540-1.13790. But if we see a close below 1.08760 , then the price could start a retracement and decrease towards targets at 1.08080-1.07820, 1.06950-1.06820 and 1.06300-1.06100; also, the price might decrease further and towards the 1.05270-1.05100 zone.
In WTI, as precisely mentioned in Monday’s analysis. The price received good support from the 58.680-58.170 zone and moved toward our target at 62.300. And the 62.300-62.770 zone acted as resistance and pushed the price toward the 58.680-58.170 zone. Now the price is trading below this zone and moving toward 54.630, but the price could come back to test the 58.680-58.170 zone if this zone acts as resistance; then the price could decrease toward the 54.630 and 52.020 zones, but if we see upward movement and the price breaks above our 58.680-58.170 zone, it can move toward the 62.300 zone once more and after a strong close above 63.600, it can move toward the 65.700 zone and 68.390.
In XAUUSD, as mentioned in Monday’s analysis , the price was unable to close below 2972 and received support from the 2985 zone and is now trying to move toward the 3054 zone. If this bullish momentum continues, it can continue to move toward 3077, 3094-3110, and 3145-3151 zones. But if the price faces resistance in these zones and continues its bearish momentum and we see a strong close below 2956, then the price could decrease toward the 2922–2915, 2881–2875, and 2834–2827 zones.
In the S&P 500, as precisely mentioned in Monday’s analysis, the 4880-4851 zone was able to hold the price and acted as a support, and the price started to increase toward our targets at 5010 and 5222. The 5222 zone acted as resistance and pushed the price lower toward the 4880-4851 zone. If this zone holds and continues to act as support, then the price could continue to move toward 5010, 5222, 5383, and 5504 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.
