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.
The euro price continues rising.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has broken through the Target Zone 69.46 – 68.47 downward.
- XAUUSD: Gold is growing from support (В) 2862 – 2853.
- EURUSD: The euro has hit the first buy target near 1.0442.
Oil Price Forecast for Today: USCrude Analysis
Oil continues to decline, breaking below the lower Target Zone 69.46 – 68.47. If the price settles below that area, the fall may continue with a target in the Gold Zone 66.54 – 66.24.
Consider new shorts on a correction from strong levels — resistance (А) 70.46 – 70.19 and resistance (В) 71.90 – 71.50. Today’s low will be the key sell target.
USCrude Trading Ideas for Today:
Sell near resistance (А) 70.46 – 70.19. TakeProfit: 69.02, 67.57. StopLoss: 70.94.
Gold Forecast for Today: XAUUSD Analysis
Yesterday, gold continued rising from support (В) 2862 – 2853. If the price settles above 2904, expect renewed upward momentum, targeting an all-time high near 2956. A breakout of the all-time high will enable the asset to grow to the upper Target Zone 3019 – 3006.
If support (B) 2862 – 2853 is broken to the downside, the trend will reverse downward. In this case, consider short trades with a target in the lower Target Zone 2768 – 2750.
XAUUSD Trading Ideas for Today:
Hold longs near support (В) 2862 – 2853. TakeProfit: 2904, 2956. StopLoss: breakeven.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro price continues rising from the trend’s boundary. The first target was reached yesterday, and the next growth target is 1.0528. Consequently, the best trading scenario for today would be holding longs.
If the Target Zone 1.0514 – 1.0486 is broken to the upside, the next buy target within this trend will be the Gold Zone 1.0601 – 1.0590. A breakout of the 1.0356 level will reverse the trend, allowing us to start selling the pair.
EURUSD Trading Ideas for Today:
Hold a portion of longs near support (В) 1.0372 – 1.0356. TakeProfit: 1.0528. StopLoss: breakeven.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of EURUSD in real time mode
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