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.
Gold reached its second sell target today.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil may break below the Target Zone of 88.79–87.46.
- XAUUSD: Gold has reached the second sell target at 4,110.
- EURUSD: The euro is correcting higher.
Oil Price Forecast for Today: USCrude Analysis
The oil price is approaching last week's low around 87.30. If the asset settles below this low, it may pierce the Target Zone of 88.79–87.46. In this case, the next bearish target will be the Gold Zone of 84.36–83.92.
Consider short trades during a pullback from resistance A at 92.18–91.74, with targets at 89.74 and 87.30.
USCrude Trading Ideas for Today:
Sell at resistance A at 92.18–91.74. TakeProfit: 89.74, 87.30. StopLoss: 93.25.
Gold Forecast for Today: XAUUSD Analysis
Today, gold reached 4,110, its second sell target. Currently, the price is correcting higher. The short-term trend remains bearish.
If the gold price climbs to resistance A at 4,217–4,206, one may consider short trades, targeting 4,160 and 4,104.
XAUUSD Trading Ideas for Today:
Sell at resistance A at 4,217–4,206. TakeProfit: 4,160, 4,104. StopLoss: 4,243.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is trading in a correction phase within a short-term downtrend. If it tests the resistance zone A at 1.1253–1.1245 during the correction, short positions can be considered, with the first target at 1.1207 and the second at 1.1161.
If the price falls below yesterday's low, resistance A should be adjusted.
EURUSD Trading Ideas for Today:
Sell near resistance A at 1.1253–1.1245. TakeProfit: 1.1207, 1.1161. StopLoss: 1.1274.
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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