Short-term analysis for oil, gold, and EURUSD for 02.09.2022

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.

The short-term euro trend has once again reversed down.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil downtrend continued yesterday. As a result, the Target Zone 88.64 – 87.78 was broken out. The next target for sales is the Gold Zone 84.34 – 83.91.

At the moment, the price is correcting and testing the Additional Zone 88.11 – 87.89. The AZ serves as a strong resistance level in which new sales, according to the pattern, can be considered. The first target for sales will be yesterday’s low.

If the Additional Zone is broken out upside during the trading session, the correction will continue with the target in the Intermediary Zone 90.47 – 90.04.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 88.11 – 87.89. TakeProfit: 85.85. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 90.47 – 90.04. TakeProfit: 85.85. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The Gold Zone 1710 – 1707 was broken out. Therefore, the new target for sales is the Target Zone 2, 1677 – 1671. At the moment, a correction is developing in order to test the Additional Zone 1706 – 1705.

After the AZ test, consider sales according to the pattern with the target at yesterday’s low.

If the Additional Zone is broken out during trading, the correction will continue up to the trend key resistance of 1724 – 1721.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1706 – 1705. TakeProfit: 1689. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1724 – 1721. TakeProfit: 1689. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The short-term euro trend has once again reversed down. Yesterday, the Intermediary Zone 0.9973 – 0.9962 was broken out without patterns. Now the Target Zone 0.9867 – 0.9845 serves as the target for sales.

Consider new euro sales on correction at strong resistance levels, the Additional Zone 0.9969 – 0.9964 and the Intermediary Zone 1.0027 – 1.0017. Wait for a signal confirming the sale to enter trades.

To enter the euro purchases, traders need to break out the Intermediary Zone and consolidate the price higher.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 0.9969 – 0.9964. TakeProfit: 0.9914. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1.0027 – 1.0017. TakeProfit: 0.9914. StopLoss: according to the pattern rules.


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Price chart of EURUSD 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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