Short-term analysis for oil, gold, and EURUSD for 18.11.2021

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.

The short-term oil downtrend continued.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil downtrend continued. As a result, the Target Zone 78.48 – 77.97 was broken out. Now the target for sales is the Gold Zone 75.93 – 75.67. I recommend looking for new oil sales on correction at strong resistance levels.

The Additional Zone 78.07 – 77.94 and the Intermediary Zone 79.47 – 79.22 serve as strong resistances. To open sales, wait for a correction, a test of the zone, and the formation of a reversal pattern. Focus on today’s low as the first profit-taking target.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 78.07 – 77.94. TakeProfit: Gold Zone 75.93 – 75.67. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 79.47 – 79.22. TakeProfit: Gold Zone 75.93 – 75.67. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The short-term gold trend is down. XAU has reached the zone of good sell prices 1870 – 1858, where the gold price is currently trading. 

A reversal pattern is required to enter sales. In this case, the target for sales will be November 16 low and the Target Zone 1839 – 1835.

To enter purchases, the breakout of level 1870 and price consolidation above are required. The target for purchases will be the upper Target Zone 1890 – 1887.

XAUUSD trading ideas for today:

Sell according to the pattern in the zone of 1870 – 1856. TakeProfit: 1850, Target Zone 1839 – 1836. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis 

The euro is trading in a short-term downtrend. The target for sales is the Gold Zone 1.1252 – 1.1243. Since November 17, the price has gone into correction and is testing the zone of ​​profitable sell prices 1.1360 – 1.1307. Today look for short trades according to the pattern in the abovementioned zone. Focus on November 17 low as the first profit-taking target

To buy the euro, it is necessary to reverse the short-term trend up by breaking out the Intermediary Zone and consolidating the price higher at the US trading session.

EURUSD trading ideas for today:

Sell according to the pattern in the zone of 1.1360 – 1.1307. TakeProfit: 1.1265, Gold Zone 2 1.1252 – 1.1243. 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 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.

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