In EURUSD, as mentioned in Wednesday’s analysis, the price is still above the 1.11670 but it has not provided a close above 1.14350 and currently is trading between 1.11670 and 1.12899. Now traders should wait for the price to exit from either side of this trading range. If the price breaks above the 1.12899 zone and closes above 1.14350, it could then reach the 1.14950–1.15310, 1.16460–1.16920, and 1.18420 zones. But if the price breaks the 1.11670 zone and we observe 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 Wednesday’s analysis, the price was unable to break above the 62.300-62.770 zone and has started to retrace some of its movement, so now it might move toward the 59.200-58.800 and 58.140-57.600 zones to receive support from them. However, if the price starts to increase and closes above 64.750, it could then reach our next targets in the 65.700-65.970 and 68.280-68.500 zones.
In XAUUSD, as precisely mentioned in Wednesday’s analysis, after providing a close below 3200, the price decreased toward our targets at the 3182-3173 and 3145 zones. Now the price has returned to the 3239-3247 zone, and if it provides a close above 3270, then it could increase toward the 3298, 3301-3305, 3384, and 3393-3405 zones. But if the 3145 zone fails to support the price and we observe a price close below the 3120, then it could decrease further toward the 3112-3097, 3077, 3054, and 2996-2988 zones.
In the S&P 500, as mentioned in Wednesday’s analysis, the price has continued its bullish trend and reached our next target at the 5910-5915 zone. Now the price has to break above the 5973 zone before continuing to reach its next bullish targets at 6041-6068 and 6120-6136. However, the price may return to test the zones at 5692-5674, 5618, or 5498; if these zones do not support the price, and we observe a close below the 5328 zone. Then it could further decrease toward the 5269-5227, 5115, and 5010-4947 zones.