Short-term analysis for oil, gold, and EURUSD for 08.09.2022

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 reversed up.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil downtrend continued yesterday. As a result, the Gold Zone 84.34 – 83.91 was broken out. The next target for sales is Target Zone 2, 80.04 – 79.18.

It is profitable to consider new oil sales on correction at strong resistance levels, Additional Zone 83.65 – 83.44 and Intermediary Zone 86.02 – 85.59.

To enter short trades, wait for the test of the abovementioned zones and the formation of a reversal pattern, which will provide the necessary entry point.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 83.65 – 83.44. TakeProfit: 81.32. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 86.02 – 85.59. TakeProfit: 81.32. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The short-term gold downtrend continues. The target for sales is the Target Zone 2, 1677 – 1671. Yesterday, a correction occurred, within which the price entered the zone of favorable sell prices 1724 – 1707.

Today consider gold sales according to the pattern in the zone of 1724 – 1707. Focus on yesterday’s low as the first target.

A trend reversal by breaking out the Intermediary Zone 1724 – 1721 is required for entering purchases. In this case, the trend will reverse up, and the upper Target Zone 1760 – 1753 will become the target for purchases.

XAUUSD trading ideas for today:

Sell according to the pattern in the zone of 1724 – 1707. TakeProfit: 1689. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The short-term euro trend reversed up. Yesterday, the Intermediary Zone 0.9980 – 0.9969 was broken out. Now the target for purchases is the upper Target Zone 1.0096 – 1.0075.

It is profitable to consider euro purchases on correction at the support zones, Additional Zone 0.9959 – 0.9954 and Intermediary Zone 0.9906 – 0.9896. Focus on today’s high as the first target.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 0.9959 – 0.9954. TakeProfit: 1.0010. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 0.9906 – 0.9896. TakeProfit: 1.0010. 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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