In EURUSD, the price bullish momentum was held by our zone at 1.09070-1.09370. Traders should be more cautious because of the conflicts that are happening in the world at the moment. If the price continues its strong bullish momentum, we have a target zone at 1.09820-1.10000, as well as 1.11450-1.11690. But if the price starts to retrace its bullish movement, we have targets at 1.06950-1.06820 and 1.0630-1.0610; also, the price might decrease further and toward the 1.05270-1.05100 zone.
In WTI, as mentioned in Wednesday’s analysis, the price received good support from our zone at 65.810 once more. And this support pushed the price higher toward the 68.000-68.400 zone for the 3rd time. If the price breaks above this zone and we see a close above 68.820, then a bullish movement can begin toward our targets at 70.510, then 72.285, and also 74.270. But if the 68.000-68.400 zone acts as a resistance once more and pushes the price lower toward our zone at 65.810 once more, and if the price breaks below our support zone at 65.810, the price can continue its bearish movement toward our support at 62.770-62.010, and also 60.590.
In XAUUSD, As mentioned in Wednesday’s analysis, after the release of the CPI report, price started another bullish movement and broke out from top of our trading range and moved toward our target at 2942-2945; after that, it reached our bullish targets at 2957, 2974-2990 and 2996-3001 zone. Now the price is trading between 2974-2981 zone and 2996-3003 zone, traders should be cautious due to the conflicts happening at the moment and if the price decreases and breaks below 2974, then we can have eyes on 2957 and 2920 as well, but if the price continues its bullish momentum, we have targets at 3027-3031 and 3065-3077 as well.
In the S&P 500, as mentioned in Wednesday’s analysis, the price is still trading between our zones at 5615-5592 and 5650-5670; if the price closes below this range and moves lower, then we have targets at 5349-5336 zone. For the bullish movements, traders must wait for a close above 5672 before the price continues toward our bullish targets at 5902 and 6069.
