Short-term analysis for oil, gold, and EURUSD for 09.11.2021

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.

Today at the Asian session, the euro has reached the Intermediary Zone 1.1610 – 1.1601.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, oil tested a strong support Additional Zone 80.47 – 80.35. This led to a buyers’ reaction. The price increased slightly, but the local high hasn’t been updated.

Today oil continues to trade in a short-term uptrend with the target at level 81.95. I recommend looking for purchases in the zone of 80.47 – 78.94.

The breakout of the Intermediary Zone and price consolidation below is required for oil sales. In this case, the trend will reverse down, so consider short trades with the target in the lower Target Zone 76.65 – 76.14.

USCrude trading ideas for today:

Buy in the zone of 80.47 – 78.94. TakeProfit: 81.95. StopLoss: 78.53.


Gold price forecast for today: XAUUSD analysis

The gold price is rising in a short-term uptrend. Yesterday, the Gold Zone 1816 – 1815 was broken out. The price consolidated above the level of 1821. The next growth target is Target Zone 2 1837 – 1833.

I recommend considering new gold purchases on correction at strong levels such as Additional Zone 1817 – 1816 and Intermediary Zone 1808 – 1806. The latter serves as the trend border. After it is broken out, the trend will reverse down, and it will be profitable to consider gold sales.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1817 – 1816. TakeProfit: Target Zone 2 1837 – 1833. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 1808 – 1806. TakeProfit: Target Zone 2 1837 – 1833. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis 

Today at the Asian session, the euro has reached the Intermediary Zone 1.1610 – 1.1601, which serves as the border of the short-term downtrend. Today, I suggest looking for sales in the zone according to the pattern with the target at level 1.1514. There is no sell pattern at the moment.

If the Intermediary Zone is broken out upside and the price closes higher at the US trading session, then the short-term trend will reverse up. In this case, look for euro purchases with the target in the upper Target Zone 1.1707 – 1.1689.

EURUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1.1610 – 1.1601. TakeProfit: 1.1514. 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 LiteForex. 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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