Short-term analysis for oil, gold, and EURUSD for 10.12.2021

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.

The oil short-term uptrend continues.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The oil short-term uptrend continues. Following a correction yesterday, the price reached the Intermediary Zone 70.23 – 69.94. Sellers have not broken out the zone, so, one could look for a signal to enter a long position with a target at yesterday’s high. The second upside target is Target Zone 74.59 – 74.01. 

It will be relevant to sell when the trend reverses down via the breakout of the Intermediary Zone and price consolidation below level 69.94 at the US session. If so, the downside target will be the lower Target Zone 67.31 – 66.72.

USCrude trading ideas for today:

Buy according to the pattern in Intermediary Zone 70.23 – 69.94. TakeProfit: 72.73, Target Zone 2, 74.59 – 74.01. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Yesterday, following the correction, the gold price reached Intermediary Zone 1774 – 1772. The zone was not broken out, and the US session closed the price above. Today, the primary scenario suggests entering purchases according to the pattern with a target at 1792. The second upside target will be the upper Target Zone 1803 – 1799.

If the Intermediary Zone is broken out downside and the price consolidates below level 1772, the short-term trend will turn down. If so, it will be relevant to sell gold down to the target in the lower Target Zone 1755 – 1751.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1774 – 1772. TakeProfit: 1792, Target Zone 1803 – 1799. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis 

The EURUSD is being corrected down in the medium-term uptrend, and the price has reached the zone of good buy prices 1.1310 – 1.1258. One could enter purchases according to the buy pattern in the zone with a take-profit around the high of December 8; the second take-profit will be in the upper Target Zone 1.1420 – 1.1403.

It will be relevant to sell when the trend reverses down if the euro-dollar price breaks out level 1.1258 downside. If so, one could enter short-term sell trades with a target in the lower Target Zone 1.1178 – 1.1161.

EURUSD trading ideas for today:

Buy according to the pattern in the zone of 1.1310 – 1.1258. TakeProfit: 1.1350, Target Zone 1.1421 – 1.1403. StopLoss: according to the pattern rules.


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Price chart of USCRUDE 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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