Short-Term Analysis for Oil, Gold, and EURUSD for 29.04.2025

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.

The euro continues to trade in a short-term uptrend.

The article covers the following subjects:

Major Takeaways

  • USCrude: oil has pierced the support (A) 61.68 – 61.38 and is poised to continue its downward correction to the support (B) 60.18 – 59.73.
  • XAUUSD: gold is trading between resistance (B) and the Target Zone.
  • EURUSD: the euro is trying to rebound from the key support 1.1369 – 1.1349.

Oil Price Forecast for Today: USCrude Analysis

Oil continues to trade in a downward correction within the short-term uptrend and is testing the support (A) 61.68 – 61.38. If the price breaks through this zone, the quotes may fall to the support (B) 60.18 – 59.73, the trend boundary. Once this zone is reached, long trades can be considered with the first target of 62.21 and the second one near 64.69.

The price should breach and settle below 59.73 to allow traders to open short trades and reverse the trend.

USCrude Trading Ideas for Today:

Watch the market.


Gold Forecast for Today: XAUUSD Analysis

Gold is maintaining its short-term downtrend. Yesterday, the price failed to break through the Target Zone 3274 – 3252.

Today, the asset is trading in an upward correction. If the price retests the resistance (B) 3383 – 3372, consider short trades with the first target of 3321 and the second one near 3259.

XAUUSD Trading Ideas for Today:

Hold up sales opened at resistance (B) 3383 – 3372. TakeProfit: 3259. StopLoss: at the breakeven.


Euro/Dollar Forecast for Today: EURUSD Analysis

The euro continues to trade in a short-term uptrend. Yesterday, the asset tested the support (B) 1.1369 – 1.1349. As a result, bulls managed to keep the price above this zone, and the euro started to climb. Today, the quotes may continue to rise. Therefore, consider holding long trades today with the first target of 1.1461 and the second one near 1.1573.

If the price pierces and consolidates below 1.1348, the bullish scenario will be canceled. In this case, the short-term uptrend will reverse.

EURUSD Trading Ideas for Today:

Hold up long trades opened at support (B) 1.1369 – 1.1349. TakeProfit: 1.1461, 1.1573. StopLoss: 1.1308.


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” 🙂

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 EURUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. 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 2014/65/EU.

According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.

Rate this article:

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

This post is originally published on LITEFINANCE.

  • Related Posts

    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 17.06.2025

    Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: Correction [B] is…

    Central Banks Divest US Dollar. Forecast as of 17.06.2025

    Risk Warning: Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since…

    Leave a Reply

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

    You Missed

    MYFX Markets Partners with Acuity for 50 Daily AI Trading Signals Integration

    • June 17, 2025
    MYFX Markets Partners with Acuity for 50 Daily AI Trading Signals Integration

    Chat Group Scams Targeting New Zealanders Are Increasing: Regulator Receives Complaints

    • June 17, 2025
    Chat Group Scams Targeting New Zealanders Are Increasing: Regulator Receives Complaints

    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 17.06.2025

    • June 17, 2025
    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 17.06.2025

    Former Exness and Finalto Exec Lands Advanced Markets Chief Risk Officer Job

    • June 17, 2025
    Former Exness and Finalto Exec Lands Advanced Markets Chief Risk Officer Job