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 continues to fall, breaking through the Gold Zone of 1.1429–1.1419.
The article covers the following subjects:
Major Takeaways
-
USCrude: Oil has not yet staged an upward correction and is falling, approaching the Gold Zone 2 of 71.19–70.63.
-
XAUUSD: Gold has hit the Target Zone of 4,048–4,015.
-
EURUSD: The euro is falling in a short-term downtrend.
Oil Price Forecast for Today: USCrude Analysis
Oil continues to slowly approach the Gold Zone 2 of 71.19–70.63. The short-term trend remains bearish. If the price breaks through the Gold Zone 2, the next bearish target will be the Target Zone 3 of 65.59–64.46.
Consider short trades on pullbacks from strong resistance A of 78.09–77.53 and resistance B of 81.17–80.33. The target from these levels will be today’s low.
USCrude Trading Ideas for Today:
Sell near resistance A 78.09–77.53. TakeProfit: 75.00, 71.93. StopLoss: 79.41.
Gold Forecast for Today: XAUUSD Analysis
Gold has reached the lower Target Zone of 4,048–4,015 today. A minor upward correction is currently underway as market participants lock in profits. If the correction continues, the price may touch the resistance A of 4,172–4,161. Once this resistance is reached, consider short positions with targets of 4,111 and 4,050.
If the Target Zone is pierced today, the next target within the short-term downtrend will be the Gold Zone of 3,937–3,926.
XAUUSD Trading Ideas for Today:
Sell near resistance A 4,172–4,161. TakeProfit: 4,111, 4,050. StopLoss: 4,199.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro has broken through the Gold Zone of 1.1429–1.1419. The Target Zone 2 of 1.1322–1.1303 becomes the next price target in the short-term downtrend. If this area is broken through, the next target could be set in the Gold Zone 2 of 1.1226–1.1216.
Short positions can be considered during a correction. The nearest resistance A is located between 1.1466 and 1.1457. If the price reaches this area, consider opening short positions with targets at 1.1414 and 1.1361.
EURUSD Trading Ideas for Today:
Sell near resistance A 1.1466–1.1457. TakeProfit: 1.1414, 1.1361. StopLoss: 1.1489.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂
Useful links:
- I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
- Use my promo code BLOG to get a 50% deposit bonus on the LiteFinance platform. Simply enter this code in the appropriate field when funding your trading account.
- Telegram chat for traders: https://t.me/litefinancebrokerchat. We are sharing the signals and trading experience.
- Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/litefinance
Price chart of EURUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
