In EURUSD, as mentioned in Monday’s analysis, the price started to retrace some of its bullish movement toward our targets at the 1.13550-1.13800 and 1.12890 zones. Now If the price wants to continue its strong bullish trend, then it can reach the 1.14950-1.15310 and 1.16700-1.16920 zones. But if we have a price close below 1.12500, then it can start a deeper retracement toward the 1.11670, 1.10060, 1.09370 and also the 1.0800 zone.
In WTI, as mentioned in Monday’s analysis. The price tested the 62.300-62.770 zone and now is trying to close above 64.000. If we witness the price close above this level, then it can continue to move toward 65.700 and 68.390. But if the price comes back below 62.770 and sees a price close below 59.500, then it can move toward the 58.170-58.680 zone. In the other scenario, 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 Monday’s analysis , the price continued its strong bullish momentum toward the 3399-3408, 3448, and 3500 zones. But now the price has started to retrace some of its bullish movement from the 3500 zone and has reached our targets at the 3359 and 3315-3306 zones. Now if the 3315-3306 zone acts as support, the price can continue to move toward bullish targets like the 3399-3408, 3448, 3500-3505, and 3580-3616 zones, but if we see a strong price close below the 3280 zone, then it can decrease more toward 3224-3213, 3182-3173, 3151-3145, and further toward 3110-3094.
In the S&P 500, the price is still waiting for the outcome of President Trump’s tariff negotiations and demanding more clarity in the market. The price is still unable to provide a strong close above 5500 or below 5100 and is trading in the same range as Monday’s analysis: a 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. And if we see close below 5100, then 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 to the 4710-4680 and 4575-4535 zones.
