In EURUSD, the price has started a strong bullish movement and has reached all of our targets. If the price continues its strong bullish momentum, we have a target zone at 1.09070-1.09370, which can be at reach; after that, we have a 1.09820-1.10000 zone, as well as 1.11450-1.11690. But if the price starts to retrace its bullish movement, 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, as mentioned in Wednesday’s analysis, the price tested the 68.400 zone, and it has acted as a resistance and pushed the price lower toward our target at 65.810, but we received good support from this zone, and the price started a bullish movement toward our resistance once more at 68.400. If this zone holds, the price can continue its bearish movement toward our support at 65.810-66.900 and also 62.770-62.010, but if the price breaks above this zone and we get close above 68.820, then a bullish movement can begin toward our targets at 70.510 then 72.285 and also 74.270.
In XAUUSD, the situation has remained unchanged since Wednesday's analysis. The price is trading in a trading range from 2893 to 2930, so first we should wait for a breakout from either side of this range if it starts another bullish trend and then movement toward the 2942-2945 zone is at reach. Another bullish target will be at 2957 and 2974-2990. But if the price decreases and breaks below this trading range, then we can have eyes on 2843, and if we see a strong 4H close below 2829, then a bearish movement toward 2819, 2807, and 2754-2750 is foreseeable.
In the S&P 500, as predicted in Wednesday’s analysis, the price got rejected from the 5840 zone and continued its bearish movement toward our zone at 5690. As this zone has supported the price, traders must wait for a close above 5870 before the price continues toward our bullish targets at 5902 and 6069. But if the 5840-5861 zone holds, then the bearish movement might continue toward our targets at 5619 and also the 5349-5336 zone.
