Short-term analysis for oil, gold, and EURUSD for 15.12.2021

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.

Yesterday, a trading recommendation for selling gold in the zone of 1790 – 1788 yielded profits.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Oil is trading in the correction to a short-term uptrend. Currently, the traders are trying to break out the key support 70.23 – 69.94. If the price returns to support and forms a buy pattern, open long oil trades with the target around level 73.08.

If the price consolidates below the trend key support, then the trend will reverse down. In this case, consider oil sales with a target in 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: 73.08, Target Zone 2 74.59 – 74.01. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Yesterday, a trading recommendation for selling gold in the zone of 1790 – 1788 yielded profits. As a result, the December 10 low was updated and the short-term uptrend’s key support 1774-1772 was broken out.

At the moment, it is profitable to look for new gold sales with a target in the lower Target Zone 1755 – 1751. Consider new sales at strong resistance levels: Additional Zone 1776 – 1775 and Intermediary Zone 1787 – 1785. The latter serves as a trend border. Consider yesterday’s low as the first target for potential sales.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1776 – 1775. TakeProfit: 1766. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1787 – 1785. TakeProfit: 1766. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis 

The euro buy pattern was formed yesterday by breaking out the December 13 high at the US trading session. However, this pattern did not yield profit. The price has declined again and is testing the border of the short-term uptrend 1.1266 – 1.1258. It is still profitable to consider long trades in this zone with the target at level 1.1350.

If the price breaks out level 1.1258 and consolidates below at the US trading session, the buy scenario will be canceled. In this case, the trend will reverse down, and the target for sales will be the lower Target Zone 1.1178 – 1.1161.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1.1266 – 1.1258. TakeProfit: 1.1350. StopLoss: according to the pattern rules.


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Price chart of XAUUSD 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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