Short-term analysis for oil, gold, and EURUSD for 12.11.2021

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.

Yesterday, a short-term euro downtrend continued.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

A short-term oil downtrend continues. The target of the trend is the lower Target Zone 78.48 – 77.97. The correction occurred yesterday. As part of the correction, the price tested the mirror resistance level 81.03 – 80.77. This level was held by sellers. As a result, the price declined at the close of the US trading session.

Today oil is trading below the Additional Zone 80.54 – 80.41. I recommend looking for sales according to the pattern with the first target at yesterday’s low.

To enter oil purchases, traders need to break out the trend key resistance 81.94 – 81.68.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 80.54 – 80.41. TakeProfit: 79.20, Target Zone 78.48 – 77.97. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 81.94 – 81.68. TakeProfit: 79.20, Target Zone 78.48 – 77.97. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Traders have broken out the Gold Zone 2 1854 – 1852. The next target for purchases within the short-term uptrend is the Target Zone 3 1875 – 1871.

Yesterday, traders tested the trend key support 1849 – 1847. The price is rising in this support zone. The first growth target is the update of the November 10 high. The second target is Target Zone 3.

The breakout of level 1847, which serves as the trend key support, and price consolidation below are required for gold sales. In this case, the target for sales will be the lower Target Zone 1831 – 1827.

XAUUSD trading ideas for today:

Buy in the zone of 1854 – 1847. TakeProfit: Target Zone 3 1875 – 1871. StopLoss: 1843.


Euro/Dollar forecast for today: EURUSD analysis 

Yesterday, a short-term euro downtrend continued. The price came as close as possible to the Gold Zone 1.1428 – 1.1419. Today expect the price to continue to fall and to reach the target.

Stay out of the market today and wait for a correction to sell the euro at the best possible price. Favorable sell prices will be in the Additional Zone 1.1484 – 1.1480 and the zone of the trend key resistance 1.1532 – 1.1524.

The breakout of the trend key resistance and price consolidation higher at the US trading session are required for euro purchases.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.1484 – 1.1480. TakeProfit: Gold Zone 1.1428 – 1.1419. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1.1532 – 1.1524. TakeProfit: Gold Zone 1.1428 – 1.1419. StopLoss: according to the pattern rules.


P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂

Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

Useful links:

  • I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
  • Use my promo-code BLOG for getting deposit bonus 50% on LiteForex platform. Just enter this code in the appropriate field while depositing your trading account.
  • Telegram chat for traders: https://t.me/liteforexengchat. We are sharing the signals and trading experience
  • Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex

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.

Rate this article:

{{value}} ( {{count}} {{title}} )

LEAVE A COMMENT

Your email address will not be published. Required fields are marked *