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, gold tested the resistance A of 4,066–4,054.
The article covers the following subjects:
Major Takeaways
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USCrude: Oil remains under pressure and is trading below the Gold Zone of 71.19–70.63.
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XAUUSD: Gold is falling from the resistance level A of 4,066–4,054.
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EURUSD: The euro is retreating from the resistance A of 1.1430–1.1420.
Oil Price Forecast for Today: USCrude Analysis
Oil prices remain under bearish pressure. Yesterday, the price tested the Gold Zone of 71.19–70.63 again. However, the price failed to settle above this zone and continued to decline. The bearish target is the June 26 low. If the price consolidates below this level, the next target will be the Target Zone of 65.59–64.46.
Short positions can be considered near the resistance A of 74.63–74.07 or the resistance B of 77.71–76.87.
USCrude Trading Ideas for Today:
Sell near resistance A of 74.63–74.07. TakeProfit: 71.54, 68.47. StopLoss: 75.99.
Gold Forecast for Today: XAUUSD Analysis
Yesterday, gold tested the resistance A of 4,066–4,054. After testing this zone, a Pin Bar formed, and sellers also stepped in. As a result, the price has reached the first bearish target around 4,004. The second target is yesterday’s low of 3,943.
If the price pierces the Gold Zone of 3,937–3,926 today, the next target within the short-term downtrend will be the Target Zone of 3,815–3,793.
XAUUSD Trading Ideas for Today:
Hold short trades opened at resistance A of 4,066–4,054. TakeProfit: 3,943. StopLoss: at breakeven.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is attempting to continue its short-term downtrend from resistance A of 1.1430–1.1420. Therefore, short positions formed in this zone can be kept open with the target of 1.1377. The second target is last week’s low of 1.1324.
If the euro breaks through the resistance A today, the correction will continue to resistance B of 1.1482–1.1468.
EURUSD Trading Ideas for Today:
Hold short trades opened at resistance A 1.1430–1.1420. TakeProfit: 1.1377, 1.1324. StopLoss: 1.1455.
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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