In EURUSD, as mentioned in Wednesday’s analysis, after the price broke above 1.16920, it started to consolidate and is trading in a range between 1.17800 and 1.16920. Now if it brakes above this zone, then it could reach our bullish targets at 1.18420-1.18710, 1.19230 and 1.20040. But if the 1.16920-1.16530 zone fails to support the price and it provides a close below 1.15310, it could then decrease toward the 1.14550 and 1.13540-1.13750 zone.
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In WTI, the situation has remained unchanged from Wednesday's analysis; the price is still trading between 64.690 and 65.970. Now if the price breaks above this zone, it could start to increase toward 68.360, 70.690 and 72.200. But if the 64.690 or 63.900 zones fail to support the price and it provides a close below 63.400, it could decrease further toward 62.770-62.300 and 59.200-58.840.
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In XAUUSD, as precisely mentioned in Wednesday’s analysis, the price was unable to provide a close above 3440 and faced resistance at 3429, then started to decrease and reached our targets at 3409-3401, 3383, 3368, and 3358. Now the price might come back to test the 3358 for resistance; if the price continues to decrease, then it could reach our targets at the 3320, 3289, 3247, 3224-3213, and 3182-3173 zones. But if it breaks above 3358 and provides a close above 3370, then it could continue to increase toward 3383, 3398-3407, 3429, 3448, 3490-3500, and 3580.
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In the S&P 500, as precisely mentioned in Wednesday’s analysis, the price broke above the 6326-6335 zone and continued its bullish trend and reached our targets at 6361-6364 and 6418. Now if the price breaks above 6425, then it could continue to move toward 6456-6478 and 6504. But if the price faces a resistance at 6418 and comes back to test the 6364-6361 or 6335-6326 zones, and if this zone fails to support the price, then it could decrease further toward our targets at 6227-6214, 6177, and 6132-6119.
