In EURUSD, as mentioned in Wednesday’s analysis, the price finally broke below the 1.12750 zone and, after testing it as resistance, has started to decrease toward our target at 1.11670. If it breaks below this zone as well, then it could decrease further toward 1.10060, 1.09370, and also the 1.0800 zone. But if the price increases from this zone and we witness a close above 1.43450, then it could reach the 1.14950–1.15310, 1.16460–1.16920, and 1.18420 zones.
In WTI, as precisely mentioned in Wednesday’s analysis, the price broke above the 59.530-60.100 zone with a close above 60.100, and then it reached the 61.120-61.500 zone. Now, after testing the 60.100 zone for support, the price has continued its bullish momentum, and if it's able to break above the 61.500 zone, then it can reach our next target at 62.300-62.770. But the price might retrace some of its bullish momentum and come back to test the 58.140-57.600 zone. And if we witness a price close below 57,000, then it can decrease further toward the 55.840 and 54,630 zones.
In XAUUSD, as precisely mentioned in Wednesday’s analysis, the price tested the 3399-3408 zone, and this zone acted as resistance, and it decreased toward our targets at the 3359, 3317-3305, and 3273-3264 zones. Now the price might continue to decrease toward our targets at the 3247-3239 zone and the 3222-3214 zone, and if we witness a price close below 3200, then it can decrease further toward the 3182-3173, 3145, and 3112 zones. However, if the price receives support from these zones and continues its weekly bullish trend, along with a strong close 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 Wednesday’s analysis, the price has continued its bullish trend and is attempting to reach our targets of 5810-5840; if we observe a strong close above 5850, it could then reach the 5915 zone. But the price might come back to test the 5441-5423 zone, and if these zones fail to support the price, we witness a close below the 5328 zone. Then it can further decrease toward the 5269-5227, 5115, and 5010-4947 zones.
