I welcome my fellow traders! I have made a price forecast for 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 is testing the support (A) 3376 – 3368.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has reversed its downtrend. Therefore, consider long trades on a correction with the main target at today’s high.
- XAUUSD: Gold is trading near the support (A) 3376 – 3368, maintaining a short-term uptrend.
- EURUSD: The euro is attempting to rise after hitting the support (A) within a short-term uptrend.
Oil Price Forecast for Today: USCrude Analysis
Oil has once again switched to a short-term uptrend and pierced the resistance (B) 72.15 – 71.76. Now, the bullish target is the upper Target Zone 76.45 – 75.67.
Consider long trades on a correction at the strong support (A) 70.79 – 70.49 and support (B) 69.28 – 68.83, with the main target at today’s high.
USCrude Trading Ideas for Today:
Buy near support (A) 70.79 – 70.49. TakeProfit: 72.14, 73.79. StopLoss: 69.88.
Gold Forecast for Today: XAUUSD Analysis
Gold is testing the support (A) 3376 – 3368 within the short-term uptrend. Consider long trades near this zone with the first target of 3409. If the asset breaches the 3409 level, the next bullish target will be the June 16 high near 3451.
If the price breaks through the support (A) today, the correction will continue to the support (B) 3338 – 3327, the short-term uptrend’s boundary. Therefore, long trades can be considered near this zone.
XAUUSD Trading Ideas for Today:
Hold up long trades opened at support (A) 3376 – 3368. TakeProfit: 3409, 3451. StopLoss: 3354.
Euro/Dollar Forecast for Today: EURUSD Analysis
Yesterday, the euro tested the support (A) 1.1495 – 1.1481 during a downward correction. Bulls have managed to keep the price above this zone.
Today, the price is increasing after hitting the support (A). If the asset pierces and settles above the 1.1556 level, the next bullish target will be the June high.
If the euro breaks through the support (A), the price may fall to the support (B) 1.1427 – 1.1407, the short-term uptrend’s boundary. Therefore, consider long trades near this zone.
EURUSD Trading Ideas for Today:
Watch the market.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of XAUUSD in real time mode
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