In EURUSD, as precisely mentioned in Wednesday’s analysis, the price broke above the trading range (1.13540 and 1.15310) and moved toward our target at 1.16460. Now the price has returned to test the 1.14950–1.15310 zone before moving toward the 1.16460–1.16920 and 1.18420 zones. But if this zone fails to support the price, then it could decrease toward the 1.13540-1.13750 zone, and if the price breaks below this zone, it could move toward the 1.12890 and 1.11670 zones, and if it breaks it with a close below 1.11300, then it could decrease further toward 1.10060, 1.09370, and even to the 1.0800 zone.
In WTI, as mentioned in Wednesday’s analysis along with the current conflicts in the Middle East, the price continued its bullish momentum and reached all our targets at the 64.695, 65.700-65.970, 68.280-68.500, 70.120, 72.250 and 74.300 zones. Now, the price's movement depends on the geo-political conflicts; if it closes below 69.300, it could start to decrease further toward the 68.500-68.280 and 65.970 zones. But if the price continues its bullish momentum, then the price could easily reach the 74.000-74.300, 76.770-77.110, and 84.370-84.650 zones.
In XAUUSD, as precisely mentioned in Wednesday’s analysis, and after the start of the conflicts in the Middle East, the price broke above the 3342-3356 and reached our targets at the 3384, 3393-3405, and 3448 zones. Now the price has come back to test the 3409-3398 or the 3384-3393 zones; if it receives support from these zones, it could increase further and reach our targets at 3448, 3491-3501, 3580-3592, and 3615. But if these zones fail to support the price and it provides a close below 3341, it could move toward 3289, 3239–3247 or 3220–3211 zones.
In the S&P 500, as mentioned in Wednesday’s analysis, the price received support from the 5935-5915 zone and is trying to reach the 6041-6068 and 6120-6136 zones. But traders should be cautious due to uncertainties in the Middle East, which can directly affect the financial markets. The price could continue its bullish momentum, but if we witness the price break below 5910, it could decrease toward 5826-5802, 5740, and 5692-5674.
