Short-Term Analysis for Oil, Gold, and EURUSD for 17.01.2025

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 reversed its short-term downtrend this week.

The article covers the following subjects:

Major Takeaways

  • USCrude: oil has tested the Gold Zone 77.21 – 76.95 again.

  • XAUUSD: gold is rising within a short-term uptrend.

  • EURUSD: bears are trying to drag the euro down in the impulse movement after the resistance (A) 1.0329 – 1.0315 was tested.

Oil Price Forecast for Today: USCrude Analysis

Oil continues to trade in a correction within the short-term uptrend. Yesterday, the price tested the Gold Zone 77.21 – 76.95, the support level, but failed to pierce it from above. Today, the asset is trying to continue the uptrend with the main target at the January 15 high.

If the price breaks through the support 77.21 – 76.95 today, the correction will continue to the support (A) 76.35 – 76.05. Consider long trades near this zone with the first target of 77.70 and the second one near 79.36.

USCrude Trading Ideas for Today:

Buy at support (A) 76.35 – 76.05. TakeProfit: 77.70, 79.36. StopLoss: 75.44.


Gold Forecast for Today: XAUUSD Analysis

This week, gold has reversed its short-term downtrend and breached the resistance (B) 2678 – 2670. Now, the bullish target is the upper Target Zone 2773 – 2756. Consider long trades on a correction at the strong support (A) 2667 – 2661 and support (B) 2638 – 2629 with the main bullish target at yesterday’s high.

The price should break through the 2629 level to allow traders to open short positions and reverse the trend. In this case, consider short trades with the target at last year’s November low.

XAUUSD Trading Ideas for Today:

Buy at support (A) 2667 – 2661. TakeProfit: 2693, 2724. StopLoss: 2650.


Euro/Dollar Forecast for Today: EURUSD Analysis

The euro is maintaining its short-term downtrend. The price is consolidating below the key resistance 1.0329 – 1.0315. The first bearish target is 1.0253, and the second one is the January 13 low. Therefore, consider short trades today.

The asset should break through and settle above 1.0329 to reverse the trend and create buying opportunities. In this case, consider long trades with the target in the upper Target Zone 1.0481 – 1.0453, starting from next week.

EURUSD Trading Ideas for Today:

Watch the market.


Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.


P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂

Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

Useful links:

  • I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
  • Use my promo code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
  • Telegram chat for traders: https://t.me/litefinancebrokerchat. We are sharing the signals and trading experience.
  • Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/litefinance

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.

Rate this article:

{{value}} ( {{count}} {{title}} )

This post is originally published on LITEFINANCE.

  • Related Posts

    The Best Crypto to Buy: Your Guide to Investing in Cryptocurrency in 2025

    Cryptocurrencies are becoming increasingly popular among investors, including both beginners and major players. As traditional fiat markets wobble under economic pressures, digital assets are becoming a reliable way to diversify…

    How to Read Candlestick Charts?

    Want to learn how to read the market like a pro? Candlestick analysis is the key to understanding trader psychology and predicting price movements in the Forex, stock, or cryptocurrency…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Cyprus Stock Exchange Suspends Three Firms Following CySEC Directive for Reporting Failures

    • July 31, 2025
    Cyprus Stock Exchange Suspends Three Firms Following CySEC Directive for Reporting Failures

    Trump Tariff on India: Will 25% Tax Hurt Exports?

    • July 31, 2025
    Trump Tariff on India: Will 25% Tax Hurt Exports?

    Key Economic Events to Watch in August 2025

    • July 31, 2025
    Key Economic Events to Watch in August 2025

    Paper Silver vs Physical Silver: What Investors Still Get Wrong?

    • July 31, 2025
    Paper Silver vs Physical Silver: What Investors Still Get Wrong?