In EURUSD, as precisely mentioned in Wednesday’s analysis, the price received support from the 1.13540–1.13750 zone, reached our target at 1.14950–1.15310, and encountered resistance at that level. Currently, the price has returned to test the 1.13540–1.13750 zone again, and if it receives support, it can continue its bullish momentum and move toward the zones at 1.14950–1.15310, 1.16460–1.16920, and 1.18420. But if the price comes to the 1.11670 zone and breaks it with a close below 1.11300, then it could decrease further toward 1.10060, 1.09370, and even to the 1.0800 zone.
In WTI, as mentioned in Wednesday’s analysis, the price has broken above the 62.300-62.770 zone, but it is still trying to provide a close above the 63.990, which is necessary to move toward our next targets at the 64.695, 65.700-65.970 and 68.280-68.500 zones. But if the price faces a resistance once more from this zone and starts to decrease with a close below 59.400, then it could reach the 59.200-58.800 and 58.140-57.600 zones.
In XAUUSD, as precisely mentioned in Wednesday’s analysis, the price received support from the 3342-3356 zone and moved toward our targets at 3384 and 3393-3405. Now the price has faced a resistance at the 3393-3405 zone and started to decrease toward 3295-3300 and 3289. If these zones support the price, then it could move toward the 3342-3356, 3384, 3393-3405, and 3448 zones once more. But if these zones fail to support the price, it could decrease further to test the 3239–3247 or 3220–3211 zones once more, and then if these zones fail to support the price and we observe a price close below 3150, it could decrease further toward the 3112–3097, 3077, 3054, and 2996–2988 zones.
In the S&P 500, the situation has remained unchanged from Wednesday’s analysis; the price is still trying to break above the 5973 zone with a close above 6018 to continue to move toward the 6041-6068 and 6120-6136 zones. However, if this zone acts as resistance once more and pushes the price lower along with a price close below 5740, it could continue to fall toward 5692-5674; then after this zone also fails to support the price and we see a close below the 5571 zone, it could fall further toward the 5269-5227, 5115, and 5010-4947 zones.
