In EURUSD, as mentioned in Wednesday’s analysis, the price is still trying to receive support from the 1.16920-1.16460 and if it acts as a support, the price could start to move toward its bullish targets at 1.18420-1.18710, 1.19230 and 1.20040. But if this zone fails to support the price, then it could decrease and return to test the 1.15310-1.14550 zone before moving toward its bullish targets at 1.18420 and 1.20040. But if it also fails to support the price and a close below 1.14450 occurs, it could then decrease toward the 1.13540-1.13750 zone.
In WTI, as precisely mentioned in Wednesday’s analysis, the price returned to test the 65.970–65.710 zone and received support, then it started to increase further toward 68.360, 70.690 and 72.200. But if the price fails to provide a close above 68.100, then it could return to 65.970-65.710 and if it fails to support the price and the 64.690 or 63.900 zones also fail to stop the price and it provides a close below 63.400, it could decrease further toward 62.770-62.300 and 59.200-58.840.
In XAUUSD, as precisely mentioned in Wednesday’s analysis, the 3289 zone acted as support, allowing the price to continue increasing; after breaking above 3358, it reached our target at 3368. Now if the price provides a close above 3374, then it could reach our targets at 3384, 3398–3407, 3429, and 3448. But if the 3368 zone acts as resistance and the 3358 or 3346-3335 fails to support the price, then it could decrease further toward the 3289, 3247, 3224-3213, and 3182-3173 zones.
In the S&P 500, as mentioned in Wednesday’s analysis, the price tested the 6214-6227 zone and received support from it and continued to move toward our bullish targets at 6300 but it was unable to break above the 6285 and has returned to the 6214-6227 zone. Now the price is trading in a range between the 6285-6300 and 6214-6227 zones. If the 6214-6227 fails to support the price, then it could decrease further toward our targets at 6177, 6132-6119, 6063, and 5973. But if it receives support and continues to increase and breaks above the 6290 zone, then it could reach our targets at the 6300, 6326-6335, and 6361 zones.
