Short-term analysis for oil, gold, and EURUSD for 18.08.2022

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.

Finally, the short-term gold trend reversed down.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil downtrend continues. Yesterday, traders tested the Additional Zone 87.74 – 87.52. The zone has been held. Therefore, today looking for sales according to the pattern with a target at August 16 low is a matter of primary importance.

If the Additional Zone is broken out upside during the trading, the correction will continue up to the Intermediary Zone 90.10 – 89.67, which serves as the trend key resistance. After its test, also look for sales.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 87.74 – 87.52. TakeProfit: 85.46. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 90.10 – 89.67. TakeProfit: 85.46. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Finally, the short-term gold trend reversed down. Yesterday, the Intermediary Zone 1775 – 1772 was broken out. Now the target for sales is the lower Target Zone 1742 – 1736.

Consider new gold sales on correction at strong resistance levels, Additional Zone 1777 – 1776 and Intermediary Zone 1795 – 1792. The IZ serves as the new trend’s border. Focus on yesterday’s low as the first target.

If during the trading the local low is updated, rearrange the margin zones according to the price.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1777 – 1776. TakeProfit: 1760. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1795 – 1792. TakeProfit: 1760. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The euro is trading in a short-term downtrend. Traders are trying to break out the Target Zone 1.0156 – 1.0135. If successful, the next target for sales will be the Gold Zone 1.0050 – 1.0040.

Consider short trades in the Additional Zone 1.0180 – 1.0175 according to the pattern, or in the Intermediary Zone 1.0239 – 1.0228. The IZ serves as the trend’s border. As long as the price is trading below it, the trend will remain down. Focus on August 16 low as the first target for sales.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0180 – 1.0175. TakeProfit: 1.0124. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1.0239 – 1.0228. TakeProfit: 1.0124. 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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