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.
Gold strengthens within a short-term uptrend.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil continues to climb in a correction.
- XAUUSD: Gold may exceed its December high.
- EURUSD: The euro is trading in correction within a short-term uptrend.
Oil Price Forecast for Today: USCrude Analysis
The oil price is rising in a correction within the short-term downtrend. Once the price tests the resistance 57.95–57.67, short-trades can be considered with the first target at 56.41 and the second one at 54.87.
If oil breaks above the resistance A 57.95–57.67, the correction may extend to the trend boundary 59.49–59.07. Consider short trades near this zone.
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 growing within the short-term uptrend and is approaching its December 12 high. If the price breaks above this high, the next bullish target will be the Gold Zone 4,408–4,398.
If the gold price begins to decline and returns below the Target Zone 4,328–4,298, a downward correction may start. If so, the asset may slide to the support A 4,253–4,243 or support B 4,203–4,188. Once the price tests these levels, consider long trades with the main target at 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
The euro price is falling in a correction within the short-term uptrend this week. The asset is likely targeting the support A 1.1696 – 1.1685. Once this support is tested, consider long trades with the first target at 1.1744 and the second one at 1.1804.
If the euro/dollar price breaks below the support A today, the correction may continue to the support B 1.1642 – 1.1625, the trend boundary. Therefore, consider long trades near this zone.
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 XAUUSD in real time mode
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