Welcome, my fellow traders! I have prepared a price forecast for US Crude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I have identified entry signals for intraday traders.
The euro is falling, breaking through the Target Zone of 1.1459–1.1434.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is attempting to break below the Target Zone of 89.02–87.71.
- XAUUSD: Gold continues its short-term downtrend.
- EURUSD: The euro is trying to settle below the Target Zone of 1.1459–1.1434.
Oil Price Forecast for Today: USCrude Analysis
Today, oil prices continued to fall, reaching the Target Zone of 89.02–87.71. If the asset pierces this zone, the next bearish target will be the Gold Zone of 84.66–84.22.
If bulls hold the Target Zone, the price may rebound to resistance A at 93.04–92.61. Consider short trades at resistance A, with the first target at 90.65 and the second at 88.25.
USCrude Trading Ideas for Today:
Sell near resistance A of 93.04–92.61. TakeProfit: 90.65, 88.25. StopLoss: 94.11.
Gold Forecast for Today: XAUUSD Analysis
Gold is maintaining its short-term downtrend. This week, the price reached the first bearish target of 4,325. The next target is at 4,235.
If the gold price breaks above resistance B at 4,415–4,398, the bearish scenario will be invalidated. In this case, the trend will shift to bullish, and one may consider long trades, with a target in the upper Target Zone of 4,595–4,562.
XAUUSD Trading Ideas for Today:
Hold part of the short trades opened near resistance B at 4,415–4,398. TakeProfit: 4,235. StopLoss: at breakeven.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is declining, breaching the Target Zone of 1.1459–1.1434. If the price settles below this zone, the next bearish target will be the Gold Zone of 1.1375–1.1367.
Should the asset return to the Target Zone, a corrective pattern may develop. If a correction unfolds, the price may climb to resistance A at 1.1513–1.1505. Consider short trades near this zone, with the first target at 1.1466.
EURUSD Trading Ideas for Today:
Sell near resistance A at 1.1513–1.1505. TakeProfit: 1.1466, 1.1421. StopLoss: 1.1533.
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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