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.
Yesterday, the gold price increased.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Oil continues to trade in a short-term uptrend. The bullish target is the Gold Zone 84.75 – 84.45. Bears are trying to start a downward correction. If they succeed, the quotes may reach the support (A) 80.79 – 80.49. After reaching this zone, one may consider long trades according to the pattern with the target at the July 2 high.
If the price breaks through the support (A), the correction will continue to the support (B) 79.30 – 78.86, the trend’s boundary. In this case, consider long trades.
USCrude trading ideas for today:
-
Buy according to the pattern at support (A) 80.79 – 80.49. TakeProfit: 83.72. StopLoss: according to the pattern rules.
-
Buy according to the pattern at support (B) 79.30 – 78.86. TakeProfit: 83.72. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Yesterday, the gold price increased and reached the boundary of the short-term downtrend at 2369 – 2361. As long as the asset is below this zone, consider short trades with targets at 2327 and 2287. Once a reversal pattern emerges, one may open short trades.
If the price breaches and consolidates above the trend’s boundary, the downtrend will reverse today. In this case, consider long trades with the target at the upper Target Zone 2451 – 2436, starting from the next trading day.
XAUUSD trading ideas for today:
Sell according to the pattern at resistance (B) 2369 – 2361. TakeProfit: 2327, 2287. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
Yesterday, the euro corrected to the boundary of the short-term downtrend 1.0804 – 1.0792 but remained below this zone. Thus, one may consider short trades according to the pattern with the targets at 1.0735 and 1.0666.
If the asset breaks through the resistance (B) 1.0804 – 1.0792 today, the downtrend will reverse. In this case, consider long trades with the target at the upper Target Zone 1.0943 – 1.0918, starting from the next trading day.
EURUSD trading ideas for today:
Sell according to the pattern at resistance (B) 1.0804 – 1.0792. TakeProfit: 1.0735, 1.0666. StopLoss: according to the pattern rules.
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.
{{value}} ( {{count}} {{title}} )
This post is originally published on LITEFINANCE.
