Welcome, my fellow traders! I have prepared a price forecast for 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’s short-term uptrend continued yesterday.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has reached all sell targets set for the trades opened at resistance A at 90.87–90.43.
- XAUUSD: Gold has reached all buy targets set for the trades opened at support A at 4,045–4,035.
- EURUSD: The euro has once again corrected higher to the trend boundary of 1.1243–1.1230.
Oil Price Forecast for Today: USCrude Analysis
Yesterday, oil continued its short-term downtrend, reaching the second sell target of 85.99. The price also tested the Gold Zone of 86.25–85.80. Today, the asset broke below the Gold Zone. The next bearish target is the Target Zone of 81.82–80.93.
Consider short trades on a pullback from resistance A at 89.06–88.62. The first sell target will be 86.62, and the second target will be today’s low.
USCrude Trading Ideas for Today:
Sell near resistance A at 89.06–88.62. TakeProfit: 86.62, 84.18. StopLoss: 90.12.
Gold Forecast for Today: XAUUSD Analysis
Yesterday, gold extended its short-term uptrend, reaching the second buy target of 4,146. If the price breaks above this level today, the rally may continue toward the upper Target Zone of 4,205–4,174.
If sellers hold the 4,146 level, a new downward correction will begin, targeting the support zone of 4,045–4,035.
XAUUSD Trading Ideas for Today:
Watch the market.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro has once again corrected higher to the key resistance zone of the short-term downtrend at 1.1243–1.1230. Should the price break above this zone, the trend will turn bullish. In that case, consider long trades starting tomorrow, with a primary target in the upper Target Zone of 1.1381–1.1356.
If sellers hold the key resistance level and a bearish signal forms, consider short trades, with the first target at 1.1173 and the second one near 1.1104.
EURUSD Trading Ideas for Today:
Watch the market.
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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