Short-term analysis for oil, gold, and EURUSD for 09.12.2021

Hello, my fellow traders! Here’s my forecast for US Crude, XAUUSD, and EURUSD made using margin zones and classical technical analysis. Based on this analysis, I made a list of entry signals for intraday traders.

The euro broke out the key resistance of the short-term downtrend yesterday.

The article covers the following subjects:

Oil Forecast for today: USCrude analysis

Oil’s short-term trend remains upward. Traders tested the Additional Zone 71.34 – 71.19 yesterday, and 7 December’s high was updated. The next growth target is the Target Zone 74.59 – 74.01.

Consider opening new long trades in oil on corrections from the important levels, such as the Additional Zone 71.70 – 71.55 and the Intermediary Zone 70.23 – 69.94. Today’s high will be the first buying target.

Trading plan for USCrude for today:

  1. Buy according to the pattern from Additional Zone 71.70 – 71.55. TakeProfit: 72.73. StopLoss: According to pattern rules.
  2. Buy according to the pattern from Intermediary Zone 70.23 – 69.94. TakeProfit: 72.73, Target Zone 2 at 74.59 – 74.01. StopLoss: According to pattern rules.

Gold forecast for today: XAUUSD analysis 

Gold is trading up in the short term. The growth target is the upper Target Zone 1803 – 1799.

The precious metal is currently correcting and testing the support zone of 1786 – 1780. Look for a pattern to buy from that zone, with the first target around yesterday’s high.

If level 1780 is broken to the downside, the correction might continue with a target at the trend’s key support of 1774 – 1772. New long trades might be opened from the key support, too. 

Trading plan for XAUUSD for today:

Buy according to the pattern from 1786 – 1780. TakeProfit: 1790, Target zone 1803 – 1799. StopLoss: 1777.


Today’s forecast for the EURUSD: EURUSD analysis 

The euro broke out the key resistance 1.1320 – 1.1315 of the short-term downtrend yesterday, and reversed to the upside in the short term. The next growth target is the upper Target Zone 1.1421 – 1.1403. The price is currently correcting and approaching the Additional Zone 1.1310 – 1.1306. Once that zone is tested, I suggest considering a pattern to buy with the first target at yesterday’s high. 

If the Additional Zone is broken to the downside and the price consolidates below, the correction might continue with a target at the trend’s key support of 1.1266 – 1.1258.

Trading plan for EURUSD for today:

Buy according to the pattern from the Additional Zone 1.1310 – 1.1306. TakeProfit: 1.1352. StopLoss: According to 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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