Short-term analysis for oil, gold, and EURUSD for 26.08.2022

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.

The short-term gold downtrend continued yesterday.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil trend remains up. The main target for purchases is the Gold Zone 98.70 – 98.27. Yesterday, a correction occurred, within which traders tested the Additional Zone 93.43 – 93.22. The AZ was broken out during the American trading session, so the correction is expected to continue in the Intermediary Zone 91.28 – 90.85.

If within the correction the price reaches the Intermediary Zone, consider new purchases with the target at yesterday’s high. The second option implies the return of the price to the Additional Zone and the closing of the American trading session above the level of 93.43. In this case, consider purchases in Additional Zone 93.43 – 93.22 with the target at yesterday’s high.

USCrude trading ideas for today:

Buy according to the pattern in Intermediary Zone 91.28 – 90.85. TakeProfit: 95.50. StopLoss: according to the pattern rules.

Gold price forecast for today: XAUUSD analysis

The short-term gold downtrend continued yesterday. Traders tested the Intermediary Zone 1763 – 1760. The zone was held, so today looking for sales according to the pattern with a target at August 22 low is a matter of primary importance.

If, during today’s trading session, the Intermediary Zone is broken out upside, the short-term trend will reverse up. In this case, consider gold purchases with the target in the upper Target Zone 1799 – 1792.

XAUUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1763 – 1760. TakeProfit: 1728. StopLoss: according to the pattern rules.

Euro/Dollar forecast for today: EURUSD analysis

Yesterday, euro traders once again tested the Intermediary Zone 1.0016 – 1.0005. The trend key resistance was held. Today it is profitable to hold yesterday’s sales, or open new ones according to the pattern with the target in August 23 low.

If the August 23 low is updated, the decline is likely to continue in the Gold Zone 2, 0.9838 – 0.9828.

To enter euro purchases, traders need to update yesterday’s high.

EURUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1.0016 – 1.0005. TakeProfit: 0.9902. 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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