In EURUSD, as mentioned in Wednesday’s analysis, the price exited its trading range above the 1.13550-1.13800 zone and continued its bullish momentum toward our target at 1.14950-1.15310. If the price continues its strong bullish trend, then it can reach the 1.16700-1.16920 zone. But if the price decides to retrace some of its trend, then it can start to decrease toward the 1.13550-1.13800 zone for testing this zone and if the retracement is deeper, then it can move toward the 1.12890 and 1.11670 zones, but if we see a price close below this zone it can retrace more toward the 1.10060 and 1.09370 and also the 1.0800 zone.
In WTI, as precisely mentioned in Wednesday’s analysis. The price was able to break above the 62.300-62770 zone and now is trying to test this zone for support. If this zone holds the price and we see a close above the 64.000 zone, it can continue to move toward 65.700 and 68.390. But if the price comes back below 62.770 and we see a price close below 59.500, then it can move toward the 58.170-58.680 zone and if this zone fails to support the price, then it can decrease further toward 54.630 once more and after that continue to move toward 52.020.
In XAUUSD, as mentioned in Wednesday’s analysis , the price continued its bullish momentum and after providing a close above 3289, it moved toward our target at 3306-3311 and is now moving toward the 3399-3408 and 3448 zones. But if the price starts to retrace some of its strong bullish momentum from the 3399-3408 zone, then it can move toward 3359, 3315-3306, and 3224-3213. If the retracement tends to be deeper, then it can move toward 3182-3173, 3151-3145, and further toward 3110-3094.
In the S&P 500, as mentioned in Wednesday’s analysis, the price was unable to provide a strong close above 5500 and came back within the trading range between the 5270-5230 and 5415-5385 zones. If we see a strong close above 5500, the price might continue to move toward 5540, 5705-5720, and 5810-5840. But if the price decreases and exits from the bottom of this range, it can move toward the 5010-4947 zone or the 4880-4851 zone once more. But if these zones fail to support the price, then it can decrease further toward the 4710-4680 and 4575-4535 zones.
