Short-term analysis for oil, gold, and EURUSD for 24.12.2021

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 euro continues to trade in the sideways trend and is currently testing the border of the short-term downtrend.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Oil broke out the Target Zone 72.58 – 71.94. The next target of the short-term uptrend is the Gold Zone 75.16 – 74.86. It is reasonable to consider new oil purchases on correction.

The strong support levels are Additional Zone 72.37 – 72.23 and Intermediary Zone 70.91 – 70.62. The latter serves as a trend border.

Do not consider oil sales at the moment.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 72.37 – 72.23. TakeProfit: 73.60. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 70.91 – 70.62. TakeProfit: 73.60. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Yesterday, the short-term gold trend reversed up. The Intermediary Zone 1805 – 1803 was broken out. Now the target for purchases is the upper Target Zone 1826 – 1822.

Consider new purchases on correction at strong support levels. The first strong level will be the Additional Zone 1801 – 1800. Wait for the test of the zone, then look for a pattern and buy gold. Focus on Friday’s high of 1808 as the first target.

Sales will become possible if the price consolidates below the Additional Zone. In this case, it will be possible to work in correction down to the Intermediary Zone 1792 – 1790.

XAUUSD trading ideas for today:

Buy according to the pattern in Additional Zone 1801 – 1800. TakeProfit: 1808. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis 

The euro continues to trade in the sideways trend and is currently testing the border of the short-term downtrend 1.1331 – 1.1322. The zone was held, therefore, the priority for the search for sales remains. The first target is yesterday’s low. The second target is the lower border of the sideways trend 1.1240. To form a sell pattern, it is necessary to consolidate the price below the level of 1.1322.

An alternative buy scenario suggests the breakout of the upper border of the sideways trend 1.1350. In this case, the short-term trend will reverse up, and the target for purchases will be the upper Target Zone 1.1428 – 1.1410.

EURUSD trading ideas for today:

Open sell positions according to the pattern in 1.1350 – 1.1322. TakeProfit: 1.1240. StopLoss: according to the pattern rules.


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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 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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