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.
Last week, gold broke above the Target Zone of 4,298–4,267.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has stalled just below the resistance A of 77.93–77.53.
- XAUUSD: Gold is poised to break through the Gold Zone of 4,380–4,370.
- EURUSD: The euro tested the Target Zone of 1.1601–1.1576.
Oil Price Forecast for Today: USCrude Analysis
The oil price is testing resistance A of 77.93–77.53. The short-term trend remains bearish. Therefore, consider short trades, with the first target at 75.71 and the second one around 73.49.
If the price breaks above the resistance A, the correction will continue toward resistance B at 80.15–79.55, the trend boundary. Therefore, consider short trades near this zone.
USCrude Trading Ideas for Today:
Hold short trades opened at resistance A of 77.93–77.53. TakeProfit: 75.71, 73.49. StopLoss: 79.01.
Gold Forecast for Today: XAUUSD Analysis
Last week, gold pierced the Target Zone of 4,298–4,267 and reached the Gold Zone of 4,380–4,370. If the metal rises even higher, the next bullish target will be the Target Zone 2 of 4,493–4,472.
If a correction begins today, the gold price may fall to the support A of 4,269–4,258. Once this zone is tested, consider long trades, with the first target at 4,315 and the second one near last week’s high of 4,371.
XAUUSD Trading Ideas for Today:
Buy near support A of 4,269–4,258. TakeProfit: 4,315, 4,371. StopLoss: 4,231.
Euro/Dollar Forecast for Today: EURUSD Analysis
Last week, the euro increased, reaching the upper Target Zone of 1.1601–1.1576. The short-term trend remains bullish. If the price breaks above the Target Zone, the next bullish target will be the Gold Zone of 1.1668–1.1660.
If bears defend the Target Zone, a downward correction will begin. Consider long trades at the support A of 1.1496–1.1488 during the correction.
EURUSD Trading Ideas for Today:
Buy near support A of 1.1496–1.1488. TakeProfit: 1.1535, 1.1580. StopLoss: 1.1468.
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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