In EURUSD, as mentioned in Wednesday’s analysis, the price has come back to test the 1.17000-1.16920 zone. Now if this zone supports the price, it could continue to increase and reach our next targets at 1.18420-1.18710, 1.19230, or possibly 1.20040. However, if price breaks below the 1.16920, and the 1.16550 level does not support the price, it could decrease to 1.15310, and then if this Level fails to support the price, it could decrease further toward our targets at 1.14550 and 1.13540-1.13750 zones.
In WTI, as precisely mentioned in Wednesday's analysis, after receiving support from 61.850 level, the price continued to increase and reached our targets at 64.690 and 65.700-65.970. Now, if it breaks the 65.970 level and closes above 66.190, it may continue to increase toward the ranges of 67.790-67.980 and 69.100. However it might face resistance and come back to test the 64.690, 61.850 or 61.400-60.990, and if these zones fail to support the price then it could decrease further toward the ranges of 59.200-58.840 and 57.800-58.100.
In XAUUSD, as precisely mentioned in Wednesday’s analysis, after testing the 3716 zone the price received support and started to increase and it provided a close above the 3792 and reached to our targets at 3806 and 3820. Now if the price continues to increase then it could reach our targets 3821-3827, 3840, 3880-3888, 3898, and 3925. But if the 3821-3827 zone acts as resistance, then it could start to retrace some of its movements toward 3806, 3780, 3743-3734, 3716, 3701, and 3694-3690. And if it brakes below these zones then it could decrease further toward 3663, 3647, 3616-3608, and 3592.
In the S&P 500, as precisely mentioned in Wednesday’s analysis; the price faced resistance at 6698 and reached to our targets at 6636-6625, 6598 and 6573-6564, then the 6573-6564 zone acted as support and price has started to increase. Now if it breaks above the 6675 zone, then it could continue to reach our next targets at 6698, 6720-6727, 6750 and 6788. But if the price faces resistance from the 6573-6564 zone or 6698 zone then it could start to decrease toward 6636-6625, 6598 and 6573-6564.
