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 trading in a correction within the short-term uptrend.
The article covers the following subjects:
Major Takeaways
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USCrude: oil is testing the resistance (A) 68.20 – 67.91.
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XAUUSD: gold is retreating after hitting the Gold Zone 3065 – 3058.
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EURUSD: the euro is trading just below the support (A) 1.0850 – 1.0840.
Oil Price Forecast for Today: USCrude Analysis
Oil is testing the resistance (A) 68.20 – 67.91. If the price breaks through the resistance, the correction will continue to the resistance (B) 69.81 – 69.37. Once this zone is reached, consider short trades with the first target of 67.40 and the second one near the March low of 65.00.
The asset should pierce the 69.81 level to create buying opportunities and reverse the trend. In this case, consider long trades with the target in the upper Target Zone 73.79 – 72.99.
USCrude Trading Ideas for Today:
Sell near resistance (B) 69.81 – 69.37. TakeProfit: 67.40, 65.00. StopLoss: 70.60.
Gold Forecast for Today: XAUUSD Analysis
Gold is trading in a correction within the short-term uptrend, likely targeting the support (A) 2995 – 2988. Once this zone is tested, consider long trades with the first target of 3023 and the second one near 3057.
If the price breaks through the support (A) today, the correction will continue to the support (B) 2963 – 2954, the trend boundary. Consider long trades near this zone.
XAUUSD Trading Ideas for Today:
Buy near support (A) 2995 – 2988. TakeProfit: 3023, 3057. StopLoss: 2977.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is trading in a correction within the short-term uptrend. Yesterday, the price reached the support (A) 1.0850 – 1.0840 but did not pierce it. Today, the asset is trying to break through this zone again. If so, the correction will continue to the trend boundary 1.0798 – 1.0783. Consider long trades near this zone.
If the asset fails to settle below the support (A), the price will climb above 1.0850 again, giving a buy signal. In this case, consider long trades with the main target near 1.0954.
EURUSD Trading Ideas for Today:
Buy near support (B) 1.0798 – 1.0783. TakeProfit: 1.0868, 1.0954. StopLoss: 1.0755.
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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