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 continued to rise yesterday, reaching the upper Target Zone of 4,298–4,267.
The article covers the following subjects:
Major Takeaways
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USCrude: Crude price remains under selling pressure.
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XAUUSD: Gold continued to post gains.
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EURUSD: The euro has hit a fresh weekly high.
Oil Price Forecast for Today: USCrude Analysis
Oil has settled below the Gold Zone of 76.53–76.14, confirming the continuation of the short-term downtrend. As a result, the next downside target is the Target Zone of 72.61–71.82.
Short positions can be considered on pullbacks to strong resistance levels in the 77.81–77.41 area. If the price retraces to this zone, selling opportunities may emerge with targets of 75.65 and 73.49.
USCrude Trading Ideas for Today:
Sell near resistance A 77.81–77.41. TakeProfit: 75.65, 73.49. StopLoss: 78.89.
Gold Forecast for Today: XAUUSD Analysis
Gold extended its rally yesterday and reached the upper Target Zone of 4,298–4,267, maintaining the short-term uptrend. If the price breaks through this zone and consolidates higher, the next upside target will be the Gold Zone of 4,380–4,370. However, if sellers defend this zone, a correction is likely to begin.
During the correction, the price may retreat to the support A of 4,201–4,191. Once this support is tested, long positions can be considered with targets of 4,248 and 4,304.
XAUUSD Trading Ideas for Today:
Buy near support A 4,201–4,191. TakeProfit: 4,248, 4,304. StopLoss: 4,164.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro remains in a short-term uptrend, with the target located in the upper Target Zone of 1.1641–1.1612.
Long positions can be considered on pullbacks to optimal levels near the support A at 1.1475–1.1467. The first upside target is 1.1513, followed by the weekly high at 1.1559.
A bearish reversal will require a break below the support B at 1.1433–1.1421, followed by price consolidation below that area.
EURUSD Trading Ideas for Today:
Buy near support A 1.1475–1.1467. TakeProfit: 1.1513, 1.1559. StopLoss: 1.1446.
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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