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 has rebounded from the support A of 4,347–4,336.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has reached the first bullish target and is now consolidating near 81.33.
- XAUUSD: Gold continues its short-term uptrend.
- EURUSD: The euro is testing the upper Target Zone of 1.1601–1.1576.
Oil Price Forecast for Today: USCrude Analysis
Oil is maintaining its short-term uptrend. Last week, the price reached the first bullish target set for trades opened at the support A of 79.50–79.10. The next target is the August 11 high.
If the price settles above this level, the short-term trend is likely to extend toward the upper Target Zone of 86.82–85.61.
USCrude Trading Ideas for Today:
Hold long trades opened at support A of 79.50–79.10. TakeProfit: 83.54. StopLoss: at breakeven.
Gold Forecast for Today: XAUUSD Analysis
The gold price has rebounded from the support A of 4,347–4,336. Once the asset retests this zone, one may consider long trades, with the first target at 4,393 and the second one around 4,449.
If the metal exceeds the 4,449 level, it may test the Target Zone 2 of 4,493–4,472. Should gold break above this zone, it may climb toward the Gold Zone 2 of 4,585–4,575.
XAUUSD Trading Ideas for Today:
Buy near support A of 4,347–4,336. TakeProfit: 4,393, 4,449. StopLoss: 4,319.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is rising and testing the upper Target Zone of 1.1601–1.1576. If it settles above this zone, the next bullish target will be the Gold Zone of 1.1668–1.1660.
Consider long trades during a pullback at support A of 1.1508–1.1500 and support B of 1.1466–1.1453, with the primary target at today’s high.
EURUSD Trading Ideas for Today:
Buy near support A of 1.1508–1.1500. TakeProfit: 1.1547, 1.1594. StopLoss: 1.1479.
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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