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. Gold is moving into an upside correction after hitting the first sell target from resistance zone (B) 3,372–3,360.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil prices are approaching the resistance zone (B) 68.25–67.33, where new selling opportunities may arise.
- Gold (XAUUSD): Gold buyers are attempting to break through the resistance zone (B) 3,372–3,360.
- EURUSD: The euro is correcting downward within a short-term uptrend.
Oil Price Forecast for Today: USCrude Analysis
Last week, traders tested the boundary of the short-term downtrend at 68.25 – 67.33. The zone held, and the price moved lower, reaching the first sell target around 65.97. The next downside target is the June low at 63.70.
Toward the end of last week, a new upward correction began. This week opens near the trend boundary at 68.25–67.33. If this trend boundary is broken to the upside, the trading bias will turn bullish. In that case, consider buying opportunities with a target in the upper Target Zone 72.78–71.95.
USCrude Trading Ideas for Today:
Watch the market.
Gold Forecast for Today: XAUUSD Analysis
Gold is moving into an upside correction after hitting the first sell target from the resistance zone (B) 3,372–3,360. The trend boundary 3,372 – 3,360 is being tested. If this zone is held, new shorts may be considered, with the first target at 3,310. The second sell target will be the June low near 3,248.
If resistance (B) is broken to the upside, the short-term trend will shift to bullish. In that case, we will consider long positions with the key target in the upper Target Zone 3,495–3,473.
XAUUSD Trading Ideas for Today:
Sell near resistance (В) 3,372 – 3,360. TakeProfit: 3,310, 3,248. StopLoss: 3,394.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is correcting within a short-term uptrend. Market participants are attempting to stabilize the price below the support zone (A) 1.1693–1.1680. If they succeed, the next target of this correction will be support (B) 1.1625 – 1.1605. This support marks the boundary of the current trend. After testing this level, new buying opportunities may be considered, with the main target at the July high of 1.1829.
If the price returns to the support zone (A) during trading, new long positions can be considered, with the first target at 1.1755 and the second in the 1.1829 area.
EURUSD Trading Ideas for Today:
Buy near support (B) 1.1625 – 1.1605. TakeProfit: 1.1755, 1.1829. StopLoss: 1.1566.
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
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