In EURUSD, as mentioned in Wednesday's analysis, the price moved toward our targets at 1.16160 and 1.15310, then it received support from this zone and started to increase toward 1.16160 once more. Now if this zone supports the price and it continues to increase, it could start to reach our targets at 1.17300, 1.18420-1.18710, 1.19230, or possibly 1.20040. However, if the price does not receive support at the 1.16160 or 1.15310 levels, it could decrease further to reach the targets at the 1.14550 and 1.13540-1.13750 zones.
In WTI, as precisely mentioned in Wednesday's analysis, the 61.400-60.990 zone failed to support the price and started to decrease further toward the ranges of 59.200-58.840 and 58.100-57.800. Now, if this zone acts as support, it may continue to increase toward the 60.980-61.400 level and if it provides a close above 62.500, then it could continue to move toward the ranges of 64.690, 65.710, 67.790-67.980 and even 69.100. However, if the 58.100-57.800 zone fails to support the price, then it could decrease further toward the ranges of 55.840, 54.635 and 52.020.
In XAUUSD, as precisely mentioned in Wednesday’s analysis, the price faced resistance at 4053 and began to retrace toward our targets of 4017-4013, 3984-3976, and 3944; after receiving support at these levels, it increased and closed above 4053, ultimately reaching our target of 4076. Now if the price continues to increase and provide a close above 4079, then it could continue to move toward the 4098-4101, 4143-4149, and 4192-4205 zones. But if the 4076 zone acts as resistance, then it could start to retrace some of its movements toward 4053, 4017-4013, 3984-3976, 3925, 3905-3898, 3880-3888, 3821, 3806, 3780, 3743-3734, 3716, 3701, and 3694-3690.
In the S&P 500, as precisely mentioned in Wednesday’s analysis, the price has faced resistance at the 6750 level once more. After breaking below 6698, it started to decrease toward our targets at 6675-6665, 6636-6625, 6598, 6573-6564, and 6519-6504. It then received support from this zone and began to move toward the 6665-6675 zone. Now if it breaks below the 6500 zone, then it could continue to decrease toward 6478-6456, 6418, and 6364-6361. But if it continues to increase, it could move to 6698 and 6720-6727, and if it breaks above the 6760 level, then it could continue to reach our next targets at the 6788-6803, 6830-6837, and 6880 zones.
