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.
The euro is trying to break through the upper Target Zone of 1.1601–1.1576.
The article covers the following subjects:
Major Takeaways
- USCrude: The oil price has stalled just below resistance, which is the Target Zone of 86.82–85.61.
- XAUUSD: Gold is rising after touching support A of 4,347–4,336.
- EURUSD: The euro remains in an uptrend.
Oil Price Forecast for Today: USCrude Analysis
The oil price is trading within a short-term uptrend, approaching the upper Target Zone of 86.82–85.61. If the asset pierces this zone, the rally will continue toward the Gold Zone of 90.05–89.64. If bears hold the Target Zone, a downward correction will begin.
During the correction, the price may fall to support A of 80.94–80.54. Once this zone is tested, consider long trades, with the first target at 82.76 and the second one at 84.98.
USCrude Trading Ideas for Today:
Buy near support A of 80.94–80.54. TakeProfit: 82.76, 84.98. StopLoss: 79.40.
Gold Forecast for Today: XAUUSD Analysis
Gold is testing support A of 4,347–4,336 while maintaining its short-term uptrend. If bulls defend the support A, the price will start to rise toward the first target at 4,393 and the second one at 4,449. Therefore, consider long trades today.
If the gold price breaks below the support A, the correction will extend toward the trend boundary at 4,295–4,280. Once the trend boundary is tested, consider long trades, with a primary target at 4,449.
XAUUSD Trading Ideas for Today:
Buy near support A of 4,347–4,336. TakeProfit: 4,393, 4,449. StopLoss: 4,319.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is trying to break above the upper Target Zone of 1.1601–1.1576. If the breakout occurs, the next bullish target will be the Gold Zone of 1.1668–1.1660. If bears hold the Target Zone, a downward correction will begin.
During the correction, the EURUSD pair may drop to support A of 1.1530–1.1521. Once this zone is tested, consider long trades, with the first target at 1.1568 and the second one at 1.1614.
If the euro exceeds the weekly high, the support zones should be adjusted.
EURUSD Trading Ideas for Today:
Buy near support A of 1.1530–1.1521. TakeProfit: 1.1568, 1.1614. StopLoss: 1.1499.
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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