In EURUSD, as mentioned in Monday’s analysis, the price is still consolidating in the 1.16920-1.16160 range. Now if it breaks above the 1.16920 and provides a close above the 1.17100, then it could continue to move toward our targets at 1.17455, 1.18420-1.18710, 1.19230 and even 1.20040. But if this zone acts as resistance, then it could start to decrease toward 1.15310 and if it breaks below this zone, then it could decrease toward our targets at the 1.14550 and 1.13540-1.13750 zones.
In WTI, as mentioned in Monday's analysis, the price is still trading within the 62.300-62.770 zone to receive support. Now if this zone acts as support, then it could continue to increase toward 64.690, 65.970-65.710 and 69.100 and if it provides a close above the 70.000, then it could continue to move toward the 70.690 and 72.200. But if the 62.300-62.770 fails to support, then it could decrease further toward 59.200-58.840 and 57.800-58.100.
In XAUUSD, as precisely mentioned in Monday’s analysis, the 3398-3407 zone pushed the price lower toward our target at 3348 but it has not been able to provide a strong close below this zone. Now the price is trading between the 3358 and 3338 levels; if it breaks above 3358, then it could continue to move toward 3383, and with a close above 3391, it could continue to increase toward our target at 3398-3407, and if provided a close above this zone, it may increase further toward 3429, 3448, 3490-3500, and 3580. But if it provides a close below 3330, then it could return to test 3314-3305 or 3289 for support. If these zones fail to support, then it could decrease further to 3247, 3213-3224, and 3173-3182.
In the S&P 500, as precisely mentioned in Monday’s analysis, the price broke above 6361-6364 and continued to move toward 6418. Now the price is trying to provide a close above 6438 in order to continue to move toward 6456-6475, 6504-6519, and 6598. But if the 6456-6475 level acts as resistance, then it could decrease further toward our targets at 6418, 6361-6364, and 6335-6326 to receive support from them, and if they fail to do so, then it could decrease further toward 6300, 6227-6214, 6177, and 6132-6119.
