In EURUSD, the situation is still like Wednesday’s analysis, if the price starts a new bullish trend from the 1.13540 or 1.12890 zones, then it can reach the 1.14950-1.15310, 1.16460-1.16920 and 1.18420 zones. But if we have a price close below 1.12500, then it can start to decrease further toward the 1.11670, 1.10060, 1.09370 and also the 1.0800 zone.
In WTI, as mentioned in Wednesday’s analysis. The price was unable to provide a strong close with a Marubozu candle above 64,000, and it came back to retest the 61.160-61.500 zone. Now the price is trying to move toward the 64.500 zone once more and 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 61.150 and forms 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 again, and after that, it will continue to move toward 52.020.
In XAUUSD, as precisely mentioned in Wednesday’s analysis , the price went below the 3315-3306 without a strong close and came back above it; as it was a fake breakout, it started to move toward our target at the 3359 zone, and this zone acted as a resistance and pushed the price lower toward the 3259-3270 zone. If this zone holds and supports the price then it 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 3255 zone, then it can decrease more toward 3224-3213, 3182-3173, 3151-3145, and further toward 3110-3094.
In the S&P 500, the situation is still the same as in Wednesday’s analysis, and the market is demanding more clarity. The negotiations seem to have started with European countries, but the world awaits the U.S.-China retaliation outcome. The price started a bullish trend toward the 5500 zone but it is still unable to provide a strong close above 5500. If we see a strong close above 5500, the price might continue to move forward to 5705-5720, 5810-5840, and 5915. And if we see a close below 5100, then it can move toward the 5010-4947 zone or the 4880-4851 zone once more. And if these zones fail to support the price, then it can decrease further to the 4710-4680 and 4575-4535 zones.
