Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Yesterday, the euro reached the upper Target Zone 1.1825–1.1792.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is trading in a correction within the short-term downtrend.
- XAUUSD: Gold is trying to rise further toward 4,352.
- EURUSD: The euro extended its short-term uptrend yesterday and hit the Target Zone 1.1825–1.1792.
Oil Price Forecast for Today: USCrude Analysis
The oil price continued to decline yesterday within the short-term downtrend and approached the Target Zone 53.97–51.13. Today, the asset is increasing in a correction.
If the correction persists, the price may test the resistance A 57.95–57.67. If so, consider short trades with the first target at 56.41 and the second one near 54.87.
If oil breaks above the resistance A today, the correction may continue to the resistance B 59.49–59.07.
USCrude Trading Ideas for Today:
Sell near resistance A 57.95–57.67. TakeProfit: 56.41, 54.87. StopLoss: 58.65.
Gold Forecast for Today: XAUUSD Analysis
Gold is attempting to continue its short-term uptrend. The price is testing the Target Zone 4,328–4,298. If the asset breaks above this zone, the next bullish target will be the Gold Zone 4,408–4,398.
Long trades can be considered during corrections at the strong support 4,253–4,243, once it is tested, with the first target at 4,298 and the second one near 4,353.
XAUUSD Trading Ideas for Today:
Buy near support A 4,253–4,243. TakeProfit: 4,298, 4,353. StopLoss: 4,217.
Euro/Dollar Forecast for Today: EURUSD Analysis
Yesterday, the euro price touched the upper Target Zone 1.1825–1.1792. Major traders closed their high-volume long positions in this zone, and a correction started.
If the price continues to decline today, it may test the support A 1.1696–1.1685. Consider long trades near this zone with the first target at 1.1744 and the second one near 1.1804.
The boundary of the short-term uptrend is shifting to 1.1642–1.1625.
EURUSD Trading Ideas for Today:
Buy near support A 1.1696–1.1685. TakeProfit: 1.1744, 1.1804. StopLoss: 1.1657.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of EURUSD in real time mode
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