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.
Gold is attempting to break through resistance A at 4,179–4,169.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is pulling back after jumping up on Friday.
- XAUUSD: Gold is testing resistance A at 4,179–4,169 within a correction.
- EURUSD: The euro is testing the trend boundary at 1.1251–1.1239.
Oil Price Forecast for Today: USCrude Analysis
Oil is correcting lower after Friday’s rally. If the correction continues in the coming days, the price may reach support A at 94.81–94.37. Consider long trades near this zone, with the first target at 96.81 and the second target near the Friday high of 99.24.
If the oil price exceeds the Friday high, support zones should be reassessed. In this scenario, the price may also test the Target Zone of 100.93–99.60.
USCrude Trading Ideas for Today:
Buy near support A at 94.81–94.37. TakeProfit: 96.81, 99.24. StopLoss: 93.27.
Gold Forecast for Today: XAUUSD Analysis
Gold is attempting to break through resistance A at 4,179–4,169. However, the short-term trend remains bearish. If sellers hold this resistance zone, short trades can be considered, with the first target at 4,122 and the second target around 4,066.
If the gold price breaks above resistance A, the correction will extend toward resistance B at 4,235–4,220. This resistance level marks the boundary of the short-term downtrend. Consider short trades near this zone.
XAUUSD Trading Ideas for Today:
Watch the market.
Euro/Dollar Forecast for Today: EURUSD Analysis
Last week, the euro reached resistance B at 1.1251–1.1239. Sellers managed to defend this zone. The short-term trend remains bearish. Consequently, consider short trades near resistance B, with the first target at 1.1182 and the second target around 1.1113.
If the euro price pierces resistance B, the short-term trend will turn bullish. In that case, consider long trades, targeting the upper Target Zone of 1.1390–1.1365.
EURUSD Trading Ideas for Today:
Sell/Hold short trades opened near resistance B at 1.1251–1.1239. TakeProfit: 1.1182, 1.1113. StopLoss: 1.1276.
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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