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 is correcting downward within a short-term uptrend.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is trading in an upward correction.
- XAUUSD: Gold is growing from support (В) 2862–2853. The second growth target is a level of 2956.
- EURUSD: The euro price is correcting downward, targeting the support area (A) 1.0843 – 1.0832.
Oil Price Forecast for Today: USCrude Analysis
Oil is trading in a correction of a short-term downtrend, approaching resistance (A) 68.20 – 67.91. Once this zone is reached, consider opening new shorts again, with the first target at 66.60. A second sell target will be last week’s low of 64.99.
USCrude Trading Ideas for Today:
Sell near resistance (А) 68.20 – 67.91. TakeProfit: 66.60, 64.99. StopLoss: 68.79.
Gold Forecast for Today: XAUUSD Analysis
Gold continues to consolidate within a short-term uptrend. The growth target is the February high near 2956. If the price settles above this level, the next buy target will be the Target Zone 3008 – 2996.
If support (B) 2862 – 2853 is broken to the downside, the short-term trend will reverse downward. If it does, consider opening short trades with a target in the lower Target Zone 2768 – 2750.
XAUUSD Trading Ideas for Today:
Hold a part of longs near support (В) 2862 – 2853. TakeProfit: 2956. StopLoss: breakeven.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is correcting downward within a short-term uptrend, with a possible target in support area (A) 1.0843 – 1.0832. After this support level is reached, consider opening new long positions with a key target set at around 1.0947.
If the price settles above the high of March 11, the next growth target will be the Gold Zone 1.1017 – 1.1006.
EURUSD Trading Ideas for Today:
Buy near support (A) 1.0843 – 1.0832. TakeProfit: 1.0890, 1.0947. StopLoss: 1.0812.
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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