Welcome, my fellow traders! I have prepared a price forecast for US Crude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I have identified entry signals for intraday traders.
Yesterday, the euro broke through the lower Target Zone of 1.1459–1.1434.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is correcting higher and approaching resistance A at 93.04–92.61.
- XAUUSD: Gold is falling within a downtrend.
- EURUSD: The euro is testing the Gold Zone of 1.1375–1.1367.
Oil Price Forecast for Today: USCrude Analysis
Oil failed to break through the lower Target Zone and entered an upward correction. The price is approaching resistance A at 93.04–92.61. Consider short trades near this zone, with the first target at 90.65 and the second at 88.25.
If the price breaks above resistance A, the correction will continue toward resistance B at 95.44–94.79.
USCrude Trading Ideas for Today:
Sell near resistance A at 93.04–92.61. TakeProfit: 90.65, 88.25. StopLoss: 94.11.
Gold Forecast for Today: XAUUSD Analysis
Gold is declining within a short-term downtrend. The price has pierced the 4,325 level and is nearing the second bearish target of 4,235. Consider holding part of the short trades opened at resistance B at 4,415–4,398.
If the gold price breaks below the 4,235 level, it may drop further to the Target Zone 2 at 4,158–4,135.
XAUUSD Trading Ideas for Today:
Hold part of the short trades opened near resistance B at 4,415–4,398. TakeProfit: 4,235. StopLoss: at breakeven.
Euro/Dollar Forecast for Today: EURUSD Analysis
Yesterday, the euro broke below the lower Target Zone of 1.1459–1.1434 and reached the Gold Zone of 1.1375–1.1367. If the asset pierces the Gold Zone, the decline could continue toward the Target Zone 2 at 1.1291–1.1274.
If bulls defend the Gold Zone, an upward correction will begin. Should a correction develop, the price may climb to resistance A at 1.1461–1.1452. Once this zone is tested, consider short trades, with the first target at 1.1415 and the second at 1.1368.
EURUSD Trading Ideas for Today:
Sell near resistance A at 1.1461–1.1452. TakeProfit: 1.1415, 1.1368. StopLoss: 1.1481.
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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