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 remains under selling pressure and is approaching its second bearish target.
The article covers the following subjects:
Major Takeaways
- USCrude: After testing resistance B at 95.44–94.79, oil began to decline.
- XAUUSD: Gold is under selling pressure.
- EURUSD: The euro is attempting to rebound, but the short-term trend remains downward.
Oil Price Forecast for Today: USCrude Analysis
Yesterday, oil continued its upward correction, climbing to resistance B at 95.44–94.79. Bears managed to defend this zone. Today, the price began to decline and reached the first bearish target near 91.85. If the asset pierces this level, the next bearish target will be the September 23 low of 88.25.
In an alternative scenario, the price may rise and break above resistance B. In this case, the short-term trend will turn bullish.
USCrude Trading Ideas for Today:
Hold short trades opened near resistance B at 95.44–94.79. TakeProfit: 91.84, 88.25. StopLoss: at breakeven.
Gold Forecast for Today: XAUUSD Analysis
Gold remains under selling pressure and is approaching the second bearish target of 4,235, set for the trades opened at resistance B at 4,415–4,398. If the price falls lower, it may reach the Target Zone of 4,158–4,135.
If the gold price breaks above resistance B, the downtrend will reverse. In this case, consider long trades, with the target in the upper Target Zone of 4,595–4,562.
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
The euro is testing the Gold Zone of 1.1375–1.1367. If it breaks below this zone, the next bearish target will be the Target Zone 2 at 1.1291–1.1274.
If bulls manage to defend the Gold Zone, the asset may start to rise toward resistance A at 1.1451–1.1443. Once this zone is tested, consider short trades, with the first target at 1.1405 and the second around 1.1359.
EURUSD Trading Ideas for Today:
Sell near resistance A at 1.1451–1.1443. TakeProfit: 1.1405, 1.1359. StopLoss: 1.1472.
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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