Short-term analysis for oil, gold, and EURUSD for 30.11.2021

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.

Yesterday, the euro price corrected in the zone of good buy prices 1.1286 – 1.1233.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, as a part of the short-term uptrend, the Target Zone 72.89 – 72.38 was reached. After reaching the TZ, prices fell sharply. They first tested the trend key support 70.18 – 69.93 and then broke it out. After this, the trend reversed down again.

Today, since the market’s opening, the price has been corrected in the zone of ​​good sell prices 71.56 – 69.93. Then the price dropped down from this zone and reached the lower Target Zone 67.63 – 67.12.

The further development of the trend will depend on the ability of the bears to close the trading session below the Target Zone. If successful, the next target for sales will be the Gold Zone 65.08 – 64.83. Otherwise, the price will go into a correction to the Additional Zone 68.30 – 68.17. If the AZ is broken out upside, traders will test the Intermediary Zone 69.70 – 69.45.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 68.30 – 68.17. TakeProfit: 67.12. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 69.70 – 69.45. TakeProfit: 67.12. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Yesterday, a short-term gold downtrend continued. As a result, the price reached the support level of 1782. This level was held by buyers, and today the price is rising in it. The price growth is corrective. The Intermediary Zone 1801 – 1799 serves as the growth target. After the test of the IZ, look for gold sales again with a target at level 1782. The main target for sales is the lower Target Zone 1778 – 1774.

If the Intermediary Zone 1801 – 1799 is broken out upside and the price closes higher at the US trading session, the next target will be the upper Target Zone 1822 – 1818. In this case, the short-term trend will reverse up.

XAUUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1801 – 1799. TakeProfit: 1782. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis 

Yesterday, the euro price corrected in the zone of good buy prices 1.1286 – 1.1233. Today the price left this zone and reached the first buy target, the level of 1.1325. The next target for purchases is the upper Target Zone 1.1379 – 1.1362. According to yesterday’s article, I recommend moving open trades to breakeven.

It is reasonable to consider new long euro trades on a corrective decline with a target in the upper Target Zone 1.1379 – 1.1362.

To reverse the trend and enter sales, it is required to break out yesterday’s low and consolidate the price below.

EURUSD trading ideas for today:

Hold up a part of purchases entered in the zone of 1.1286 – 1.1233. TakeProfit: Target Zone 1.1379 – 1.1362. StopLoss: at the breakeven.


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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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