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.
Short-term forecast for oil, gold, and euro-dollar today. The euro’s short-term trend reversed to the downside.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is declining within a short-term downtrend.
- XAUUSD: Gold has broken below last week’s low and breached the target zone of 3274–3252.
- EURUSD: The euro has broken below support (В) at 1.1369–1.1349.
Oil Price Forecast for Today: USCrude Analysis
Yesterday, oil prices broke through the support zone (B) at 60.18–59.73, thus reversing the short-term trend to the downside. The selling target is now the lower target zone, 55.66–54.76. Consider new sales on a correction.
If a correction develops, prices may reach the resistance area of 60.26–60.00. After testing this resistance, start looking for short opportunities, with the main target around this week’s low. The boundary of the new trend has shifted to the 61.69–61.30 range.
USCrude Trading Ideas for Today:
Sell near resistance (А) 60.26–60.00. TakeProfit: 58.83, 57.40. StopLoss: 60.77.
Gold Forecast for Today: XAUUSD Analysis
Gold’s short-term downtrend has continued today, with prices breaking below last week’s low. Additionally, market participants broke through the target zone of 3274–3252. The next selling target is the golden zone, 3199–3192. I recommend considering new shorts during a correction from strong resistance levels. The nearest strong resistance zone is 3303–3296.
XAUUSD Trading Ideas for Today:
Sell near resistance (А) 3303–3296. TakeProfit: 3262, 3221. StopLoss: 3318.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro’s short-term trend reversed to the downside. Today, market participants pushed prices below last week’s low. As a result, the support zone (B) at 1.1369–1.1349 was broken to the downside. Starting from today, consider opening shorts with a key target in the lower target zone, 1.1165–1.1124, after a pullback from strong resistance levels. Key resistance zones include: resistance (A) at 1.1437–1.1424 and resistance (B) at 1.1512–1.1492. The target for selling from these levels is today’s low.
EURUSD Trading Ideas for Today:
Sell near resistance (А) 1.1437–1.1424. TakeProfit: 1.1362, 1.1288. StopLoss: 1.1465.
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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