I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Gold has temporarily halted its growth near the Target Zone 2773 – 2756.
The article covers the following subjects:
Major Takeaways
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USCrude: oil is testing the support (B) 74.85 – 74.40.
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XAUUSD: gold is consolidating near the Target Zone 2773 – 2756.
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EURUSD: once the price hit the Target Zone 1.0481 – 1.0453, a correction started.
Oil Price Forecast for Today: USCrude Analysis
Oil is testing the short-term uptrend’s key support 74.85 – 74.40. Consider long trades near this zone with the first target of 76.88 and the second one near 79.36, once a reversal pattern emerges.
The price should close below 74.40 in the US trading session to allow traders to open short trades and reverse the trend. In this case, consider short trades with the target in the lower Target Zone 69.46 – 68.47, starting from the next trading day.
USCrude Trading Ideas for Today:
Buy near support (B) 74.85 – 74.40. TakeProfit: 76.88, 79.36. StopLoss: 73.54.
Gold Forecast for Today: XAUUSD Analysis
Gold has temporarily stopped rising near the Target Zone 2773 – 2756. If the price remains below the resistance, a downward correction may unfold, targeting the support (A) 2705 – 2700. Once this zone is tested, consider long trades with the first target of 2731 and the second one near 2763.
If the asset breaks through the Target Zone today, the short-term uptrend may continue with the target in the Gold Zone 2819 – 2813.
XAUUSD Trading Ideas for Today:
Buy at support (A) 2701 – 2695. TakeProfit: 2727, 2758. StopLoss: 2684.
Euro/Dollar Forecast for Today: EURUSD Analysis
Yesterday, the euro touched the upper Target Zone 1.0481 – 1.0453 within a short-term uptrend, and a downward correction started. Today, the price continues to correct downward, aiming at the support (A) 1.0365 – 1.0356. Once this zone is tested, consider long trades with the first target of 1.0406 and the second one near yesterday’s high.
The key support is shifting to 1.0319 – 1.0305. If the price hits this zone today, one may consider long trades nearby.
EURUSD Trading Ideas for Today:
Buy at support (A) 1.0365 – 1.0356. TakeProfit: 1.0406, 1.0457. StopLoss: 1.0339.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of XAUUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
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