Short-term analysis for oil, gold, and EURUSD for 09.09.2022

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 uptrend, the EURUSD reached the upper Target Zone 1.0096 – 1.0075.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Oil is trading in a short-term downtrend, with a target to test the Target Zone 2, 80.04 – 79.18. Yesterday, an upward correction occurred, within which traders tested the Additional Zone 83.30 – 83.08. The zone was held, so sales in the AZ remain relevant.

To enter sales, look for a corresponding pattern, such as a false breakout. The first target for sales will be yesterday’s low.

The trend border is shifting to the zone of 85.66 – 85.23. As long as the price is trading below this zone, short trades will remain the priority.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 83.30 – 83.08. TakeProfit: 81.00. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 85.66 – 85.23. TakeProfit: 81.00. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Yesterday, buyers tried to break out the key resistance of the short-term gold downtrend 1724 – 1721. The zone was held, so today it is profitable to look for short trades with a target at September 7 and 1 lows.

If, during the trading, the Intermediary Zone 1724 – 1721 is broken out upside, the trend will reverse up. In this case, look for long trades starting Monday with the target in the upper Target Zone 1760 – 1753.

XAUUSD trading ideas for today:

Sell according to the pattern in the zone of 1724 – 1721. TakeProfit: 1692. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

As part of a short-term uptrend, the EURUSD reached the upper Target Zone 1.0096 – 1.0075. If the TZ is broken out, the next target for purchases will be the Gold Zone 1.0192 – 1.0181.

Until the Target Zone is broken out, expect a correction in the Additional Zone 1.0031 – 1.0025 or the Intermediary Zone 0.9978 – 0.9967. A correction is an opportunity to consider new purchases at favorable prices with a target at today’s high.

Euro sales are not relevant yet.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.0031 – 1.0025. TakeProfit: 1.0082. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 0.9978 – 0.9967. TakeProfit: 1.0082. 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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