Short-term analysis for oil, gold, and EURUSD for 25.02.2021

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.

A new gold downward impulse started yesterday and continues now. The target for sales according to the trend is Target Zone 2 [1759 – 1749].

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Oil continues to set new highs while RSI highs are declining for the third week in a row. These are signs of an overbought market. The correction will start soon, probably after the price reaches Target Zone 6 [64.92 – 64.41].

In the chart of a shorter timeframe, oil reached the Target Zone [63.54 – 63.09]. Consolidation above will lead to a further rate growth to the Gold Zone [65.58 – 65.35]. If the resistance is held, a correction to the short-term uptrend [61.31 – 61.09] key support will occur.

After reaching the key support, it is profitable to look for purchases according to the pattern with the target at the day’s high. Sales require a breakout of level 61.09 and closing of the US trading session below.

USCrude trading ideas for today:

Buy according to the pattern in Intermediary Zone [61.31 – 61.09]. TakeProfit: 63.54. StopLoss: according to the pattern rules.

Gold price forecast for today: XAUUSD analysis 

A new gold downward impulse started yesterday and continues now. The target for sales according to the trend is Target Zone 2 [1759 – 1749].

The chart of a shorter timeframe shows a short-term downtrend and that the sell pattern that was formed yesterday at the US trading session has worked out. The target for sales is Target Zone [1775 – 1765].

Gold purchases are not relevant at the moment. They should be considered only after the trend reversal up, and for this, the traders need to break out the Intermediary Zone [1821 – 1815].

XAUUSD trading ideas for today:

Hold sell trades entered in Intermediary Zone [1821 – 1815]. TakeProfit: Target Zone [1775 – 1765]. StopLoss: 1813.

Euro/Dollar forecast for today: EURUSD analysis 

The euro prices entered the supply zone [1.2180 – 1.2150]. It is profitable to look for a sell pattern in this area within the medium-term downtrend. The target is the February low. The price needs to break out the support of 1.2134 to form a pattern.

Yesterday the price entered the zone of good buy prices [1.2140 – 1.2136]. Consolidation below Additional Zone [1.2140 – 1.2136] did not take place. Not a single trading session was able to be held in this area. As a result, the short-term uptrend and the test of the Target Zone [1.2200 – 1.2183] continue.

For further growth, it is required to break out the Target Zone and consolidate higher. In this case, the target will be the Gold Zone [1.2271 – 1.2263].

It will be relevant to sell the euro if the price breaks out Additional Zone [1.2142 – 1.2138] downside. In this case, the price will drop to the Intermediary Zone [1.2102 – 1.2094].

EURUSD trading ideas for today:

Buy according to the pattern in Additional Zone [1.2142 – 1.2138]. TakeProfit: Target Zone [1.2200 – 1.2183]. 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 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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