In EURUSD, as specifically mentioned in Monday’s analysis, the price reached our target at 1.11670, and it tried to break below this zone as well. Now it has returned above this zone. If the price receives support from the 1.11670 zone and increases from there, and we witness a close above 1.14350, then it could reach the 1.14950–1.15310, 1.16460–1.16920, and 1.18420 zones. But if it fails to support and we witness a close below 1.10500, then it could decrease further toward 1.10060, 1.09370, and also the 1.0800 zone.
In WTI, as precisely mentioned in Monday’s analysis, the price broke above the 61.500 zone, and it has reached our target at 62.300-62.770. Then it came back and tested the 61.500 zone and moved toward the 62.770 zone once more. Now if it provides a close above 64.750, then it could reach our next targets at the 65.700-65.970 and 68.280-68.500 zones. But the price might retrace some of its bullish momentum and come back to test the 58.140-57.600 zone. In this case, 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 Monday’s analysis, the price continued to decrease toward our targets at the 3247-3239 and the 3222-3214 zones, and if we witness a price close below 3200, then it can decrease further toward the 3182-3173, 3145, and 3112 zones. However, if these zones hold the price and it tends to continue its weekly bullish trend, it could increase toward the 3298-3305, 3386, and 3399-3408 zones.
In the S&P 500, as mentioned in Monday’s analysis, the price has continued its bullish trend; after reaching our zone at 5810-5840, we observed a close above 5850, and it is now attempting to reach our next target in the 5910-5915 zone. But before continuing to reach its next bullish targets at 6041-6068 and 6120-6136, the price might come back to test the 5718-5725 or 5540-5500 zones, 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.
