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, oil turned bullish in the short term.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil’s short-term trend has shifted to an uptrend.
- XAUUSD: Gold has breached the Gold Zone of 4,380–4,370.
- EURUSD: The euro is retreating from the Target Zone of 1.1601–1.1576.
Oil Price Forecast for Today: USCrude Analysis
The short-term trend turned bullish yesterday, and the oil price broke above the resistance of 80.15–79.55. The next bullish target is the upper Target Zone of 86.82–85.61.
Consider long trades during a pullback at support A of 78.72–78.32 and support B of 76.71–76.10. The latter marks the trend boundary.
USCrude Trading Ideas for Today:
Buy near support A of 78.72–78.32. TakeProfit: 80.56, 82.76. StopLoss: 77.30.
Gold Forecast for Today: XAUUSD Analysis
Yesterday, gold extended its short-term trend, breaking through the Gold Zone of 4,380–4,370. The next bullish target is the Target Zone 2 of 4,493–4,472. Currently, the price is correcting lower.
If gold falls to the support zone A of 4,332–4,322 during this correction, long trades can be considered, with the first target at 4,378 and the second one around 4,435. Should the asset pierce the support A, the correction will continue to the support B of 4,281–4,265.
XAUUSD Trading Ideas for Today:
Buy near support A of 4,332–4,322. TakeProfit: 4,378, 4,435. StopLoss: 4,296.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is correcting lower within a short-term uptrend, potentially toward support A of 1.1496–1.1488. Once this support is reached, consider long trades, with the first target at 1.1535 and the second one around 1.1580.
If the euro price breaks below the support A during the correction, it may drop to the trend boundary at 1.1454–1.1442. Consider long trades near this zone, with a primary target at 1.1580.
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 USCRUDE in real time mode
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