Short-term analysis for oil, gold, and EURUSD for 01.09.2022

I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

As part of a short-term downtrend yesterday, oil reached the Target Zone 88.64 – 87.78.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

As part of a short-term downtrend yesterday, oil reached the Target Zone 88.64 – 87.78. Now traders are trying to break out this zone downside. If successful, the next target for sales will be the Gold Zone 84.34 – 83.91.

It is profitable to consider new oil sales after updating yesterday’s low. To do this, rearrange the margin zones and set new resistance levels.

At the moment, the zone of 92.77 – 92.34 serves as the border of the short-term downtrend. As long as the price is trading below this zone, it is profitable to consider oil sales.

USCrude trading ideas for today:

Watch the market.


Gold price forecast for today: XAUUSD analysis

Yesterday, the precious metal reached the Gold Zone 1710 – 1707. The short-term downtrend continues. If the Gold Zone is broken out downside, the next target for sales will be the Target Zone 2, 1677 – 1671.

It is profitable to consider new gold sales on correction. Zones 1720 – 1718 and 1738 – 1734 serve as strong resistance levels. After testing these levels, wait for sales confirmation in the form of a pattern. Focus on today’s low as the first target for sales.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1720 – 1718. TakeProfit: 1702. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1738 – 1734. TakeProfit: 1702. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

Yesterday, euro traders broke out the Intermediary Zone 1.0016 – 1.0005. The short-term trend has reversed up. However, the August 26 high was not updated.

Today, a correction has begun, within which traders are trying to break out the Additional Zone 1.0026 – 1.0020. If the price fails to return to this support, the correction will continue with the target in the Intermediary Zone 0.9973 – 0.9962. After the IZ test, consider euro purchases with a target at yesterday’s high.

To enter euro sales, the price must close below the Intermediary Zone in the American trading session.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 0.9973 – 0.9962. TakeProfit: 1.0077. StopLoss: according to the pattern rules.


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Price chart of USCRUDE in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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