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 continues to trade in a short-term downtrend.
The article covers the following subjects:
Major Takeaways
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USCrude: oil is approaching the first bearish target near 68.56.
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XAUUSD: gold is maintaining a downtrend.
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EURUSD: the euro has reached below the December 18 low but failed to pierce the Target Zone 1.0353 – 1.0326.
Dear readers, LiteFinance clients and traders,
Another productive year, full of challenges, discoveries, and new opportunities, has come to an end. We have navigated various markets, learned valuable lessons from our missteps, and celebrated our achievements together. Each of you has played a vital role in this exciting journey, and I am sincerely grateful for your trust and support!
I would like to wish you stability both in your trading accounts and in your everyday life. May your strategies yield success, and may your decisions be thoughtful. I truly hope the market rewards you with profitable entry points while luck stays by your side, even in the most unexpected situations.
May 2025 bring you new prospects, greater knowledge, and confidence. I wish you health, harmony, and inspiration to pursue the most ambitious goals!
Congratulations, friends! I am excited to continue our journey to success together in the New Year. See you on January 6!
Best wishes,
Alex Rodionov
Oil Price Forecast for Today: USCrude Analysis
Oil has managed to remain below the resistance of 70.85 – 70.45. The price is falling to the first bearish target of 68.56. Consider closing a part of the trades near this mark, moving the rest to the breakeven level.
If the quotes consolidate below the 68.56 level, the decline may continue to the target at the November low. Consider closing the remaining short trades near this level.
The price should break through and settle above the resistance of 71.36 to create buying opportunities and reverse the trend. In this case, one may consider long trades with the target in the upper Target Zone 75.19 – 74.40.
USCrude Trading Ideas for Today:
Hold up sales opened at 70.85 – 70.45. TakeProfit: 68.56, 66.83. StopLoss: 71.45.
Gold Forecast for Today: XAUUSD Analysis
Gold is trading in an upward correction within the short-term downtrend. If the correction persists, the asset may test the resistance (A) 2647 – 2641. Once this zone is tested, consider short trades with the first target of 2615. The second target will be 2583.
If the price pierces the resistance (A) today, the correction will continue to the resistance (B) 2678 – 2670, the short-term downtrend’s boundary. Therefore, once this zone is reached, one may consider short trades.
XAUUSD Trading Ideas for Today:
Sell at resistance (A) 2647 – 2641. TakeProfit: 2615, 2583. StopLoss: 2659.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is trading in a short-term downtrend. During the decline, the price reached the Target Zone 1.0353 – 1.0326 but failed to pierce it. Therefore, an upward correction may unfold today, aiming to test the resistance (A) 1.0444 – 1.0435. Once this zone is tested, one may consider short trades with the first target of 1.0393 and the second one at today’s low.
If the quotes break through the resistance (A) today, the correction may continue to the resistance (B) 1.0494 – 1.0481, the trend boundary. Consider short trades near this zone.
EURUSD Trading Ideas for Today:
Sell at resistance (A) 1.0444 – 1.0435. TakeProfit: 1.0393, 1.0343. StopLoss: 1.0462.
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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.
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