In EURUSD, as mentioned in Wednesday’s analysis, after the price tested the 1.09820-1.10000 zone , it moved toward all of our targets, at 1.11450-1.11690, 1.12750-1.1289, and 1.13540-1.13790 zones. Now the price is trading above our zone at 1.13540-1.13790 and it can continue its bullish momentum toward our targets at 1.14950 and 1.16700-1.16920 zones. The price might come back to test the 1.11670 zone but if we see a price close below this zone it can retrace more toward the 1.10060 and 1.09370 and also the 1.0800 zone.
In WTI, as precisely mentioned in Wednesday’s analysis. The price reached the 54.630 zone and received great support from this zone and started to move toward the 58.680-58.170 and 62.300-62.770 zones. And price is now trading between these two zones; if we see a strong close above the 63.600 zone, it can continue to move toward 65.700 and 68.390. But if the price continues its daily bearish trend, then it can move toward 54.630 once more and after that continue to move toward 52.020.
In XAUUSD, as mentioned in Wednesday’s analysis , the price continued its bullish momentum toward our targets at 3077, 3094-3110, 3145-3151, 3173-3182, and 3196 zones. Now the price is trading above this zone and if it continues its bullish momentum, it can move toward the 3306-3311 and 3408 zones. But if the price starts to retrace some of its strong bullish momentum, then it can move toward 3182-3173, 3151-3145, and further toward 3110-3094. And if we see a strong close below the 3094 zone, then it can continue to decrease toward the 3077, 3054, and 2995 zones.
In the S&P 500, as precisely mentioned in Wednesday’s analysis, the 4880-4851 zone was able to hold the price and acted as a support once more and sent the price toward our targets at 5010, 5222, 5383, and 5498 zones. If we see a strong close at 5500, the price might continue to move toward 5540, 5705-5720, and 5810-5840. But if the price decreases from this zone, it can move toward the 5010-4947 zone or the 4880-4851 zone once more. But if these zones fail to support the price, then it can decrease further toward the 4710-4680 and 4575-4535 zones.
