Short-term analysis for oil, gold, and EURUSD for 30.08.2022

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 euro is trading between two strong levels.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil uptrend continued yesterday. As a result, August 25 high was updated. The next target for purchases is the Gold Zone 98.70 – 98.27.

It is profitable to consider new oil purchases on correction at strong support levels, an Additional Zone 94.81 – 94.60 and an Intermediary Zone 92.66 – 92.23. To open a trade, wait for the test of the zone, then look for a pattern and open a trade according to the pattern with the first target at August 29 high.

Oil sales remain unprofitable.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 94.81 – 94.60. TakeProfit: 96.91. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 92.66 – 92.23. TakeProfit: 96.91. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Gold updated August 22 low as part of a short-term downtrend. After that, the price corrected in the Additional Zone 1738 – 1736. The AZ was held, so today, it is possible to search for sales there according to the pattern with the target at August 29 low.

If, during the trading, the Additional Zone is broken out upside and yesterday’s high is updated, the correction will continue in the Intermediary Zone 1756 – 1752. Also, consider sales according to the pattern in IZ, which serves as the border of a short-term downtrend.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1738 – 1736. TakeProfit: 1720. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1756 – 1752. TakeProfit: 1720. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The Euro is trading between the Intermediary Zone 1.0016 – 1.0005, which serves as the short-term downtrend’s key resistance, and the Target Zone 2, 0.9944 – 09923, which serves as a strong support. Depending on the further price movement, consider either purchases or sales.

If the price breaks out the Intermediary Zone and consolidates higher in the American session, the short-term trend will reverse up. In this case, consider purchases with the target in the upper Target Zone 1.0133 – 1.0111.

If the price leaves the range down and breaks out the Target Zone 2, 0.9944 – 09923, the decline will continue. In this case, the Gold Zone 2, 0.9838 – 0.9828 will serve as the target for sales.

EURUSD trading ideas for today:

Watch the market.


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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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