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.
The euro is trading in the Gold Zone of 1.1429–1.1419.
The article covers the following subjects:
Major Takeaways
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USCrude: Oil has hit a new low and approached the Gold Zone of 71.19–70.63.
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XAUUSD: Gold is falling toward the lower Target Zone of 4,048–4,015.
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EURUSD: The euro may break through the Gold Zone of 1.1429–1.1419 and continue falling further.
Oil Price Forecast for Today: USCrude Analysis
Oil prices continue to decline, falling to around 72.76, a level below the previous week’s low. The bearish target is the Gold Zone of 71.19–70.63. Consider short positions on rebounds from strong resistance levels.
The nearest resistance is in the 78.92–78.36 range. If the price corrects toward this zone, a short position could be considered with targets of 75.84 and 72.76.
USCrude Trading Ideas for Today:
Sell near resistance A 78.92–78.36. TakeProfit: 75.84, 72.76. StopLoss: 80.31.
Gold Forecast for Today: XAUUSD Analysis
Gold has fallen below last week’s low. The price is approaching the key Target Zone of 4,048–4,015. Large investors may begin to lock in profits in this zone.
At the same time, consider selling gold on rebounds from strong resistance levels rather than selling it at lows when prices are unfavorable. If an upward correction begins, gold could reach the resistance zone A of 4,237–4,226. Once the price reaches this resistance, consider selling the asset with targets at 4,176 and 4,115.
XAUUSD Trading Ideas for Today:
Sell near resistance A 4,237–4,226. TakeProfit: 4,176, 4,115. StopLoss: 4,264.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is trading near the Gold Zone of 1.1429–1.1419. If the price declines below this zone, the next bearish target will be the Target Zone 2 of 1.1322–1.1303. If the price remains above the Gold Zone, an upward correction may begin.
Should a correction develop, the euro may reach the resistance zone A of 1.1523–1.1513. Once this resistance is reached, consider short positions with targets of 1.1470 and 1.1417.
EURUSD Trading Ideas for Today:
Sell near resistance A 1.1523–1.1513. TakeProfit: 1.1470, 1.1417. StopLoss: 1.1547.
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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