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 continues to trade in a short-term uptrend.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil retains its upward trajectory.
- XAUUSD: Gold may continue rising toward the Target Zone 2 of 4,493–4,472.
- EURUSD: The euro is retreating from the Target Zone of 1.1601–1.1576.
Oil Price Forecast for Today: USCrude Analysis
The oil price is trading within a short-term uptrend. The primary bullish target is the Target Zone of 86.82–85.61.
Consider long trades during a pullback at support A of 79.50–79.10, with the first target at 81.33 and a second one around 83.54.
USCrude Trading Ideas for Today:
Buy near support A of 79.50–79.10. TakeProfit: 81.33, 83.54. StopLoss: 78.06.
Gold Forecast for Today: XAUUSD Analysis
Gold remains in a short-term uptrend. The price broke above the Gold Zone of 4,380–4,370. The next bullish target is the Target Zone 2 of 4,493–4,472.
Consider long trades once the price pulls back to the support A of 4,332–4,322. The first target will be 4,378, and the second one will be around 4,435.
XAUUSD Trading Ideas for Today:
Buy near support A of 4,332–4,322. TakeProfit: 4,378, 4,435. StopLoss: 4,296.
Euro/Dollar Forecast for Today: EURUSD Analysis
Last week, the euro reached the Target Zone of 1.1601–1.1576 and has since entered a downward correction. Long trades can be considered at the support A of 1.1496–1.1488, with the first target at 1.1535 and the second one near the previous week’s high of 1.1580.
If the euro price begins to rise and pierces the Target Zone from below, the next bullish target will be the Gold Zone of 1.1668–1.1660.
EURUSD Trading Ideas for Today:
Buy near support A of 1.1496–1.1488. TakeProfit: 1.1535, 1.1580. StopLoss: 1.1468.
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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