Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Gold’s short-term trend has turned bullish.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has dropped below last week’s low and pierced the Gold Zone of 82.94–82.38.
- XAUUSD: Gold has turned bullish and is now aiming for the Target Zone of 4,390–4,357.
- EURUSD: The euro is testing resistance A of 1.1605–1.1595.
Oil Price Forecast for Today: USCrude Analysis
Oil prices continue to decline. Today, the price opened with a gap down and broke through the Gold Zone of 82.94–82.38. The next bearish target is the Target Zone 2 of 76.80–75.67.
Consider short trades on a pullback at the resistance A of 84.97–84.41 once a reversal pattern forms. The first target will be at 83.90, and the second one will be around 78.80.
USCrude Trading Ideas for Today:
Sell near resistance A of 84.97–84.41. TakeProfit: 86.89, 83.80. StopLoss: 91.39.
Gold Forecast for Today: XAUUSD Analysis
Gold’s short-term downtrend has reversed. Today, the price opened with a gap up and exceeded the June 12 high. The bullish target is now the upper Target Zone of 4,390–4,357.
Consider long trades during a correction at the support A of 4,224–4,213, with the first target at 4,274 and the second one at today’s high of 4,335.
XAUUSD Trading Ideas for Today:
Buy near support A of 4,224–4,213. TakeProfit: 4,274, 4,335. StopLoss: 4,184.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is trying to break above the resistance A of 1.1605–1.1595 during a correction within the short-term downtrend. If so, the correction will continue toward the trend boundary at 1.1658–1.1643. Once this zone is tested, consider short trades, with the first target at 1.1579 and the second one around 1.1499.
If bears manage to hold the resistance A today, one may consider short trades, with the first target at 1.1552 and the second one around 1.1499.
EURUSD Trading Ideas for Today:
Hold short trades opened at resistance A of 1.1605–1.1595. TakeProfit: 1.1552, 1.1499. StopLoss: 1.1628.
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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