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.
Oil prices continued to drop yesterday.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has reached its second bearish target and continues to fall.
- XAUUSD: Gold has pulled back to resistance B of 4,207–4,190.
- EURUSD: The euro is climbing toward resistance A of 1.1605–1.1595.
Oil Price Forecast for Today: USCrude Analysis
Yesterday, the oil price continued to decrease, reaching the second bearish target near the June 9 low. The next target within the short-term downtrend is the Gold Zone of 82.94–82.38.
Consider short trades during a pullback from the resistance A of 89.96–89.40, with the primary target at this week's low.
USCrude Trading Ideas for Today:
Sell near resistance A of 89.96–89.40. TakeProfit: 86.89, 83.80. StopLoss: 91.39.
Gold Forecast for Today: XAUUSD Analysis
Yesterday, the gold price corrected higher toward the key resistance zone of the short-term downtrend at 4,207–4,190. Consider short trades near this zone, with the first target at 4,115 and the second one at 4,023.
If the metal breaks above the resistance B of 4,207–4,190 today, the trend will turn bullish. In this case, consider long trades, with the nearest target in the Target Zone of 4,390–4,357.
XAUUSD Trading Ideas for Today:
Sell/hold short trades opened near resistance B of 4,207–4,190. TakeProfit: 4,115, 4,023. StopLoss: 4,248.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro price is rising in a correction within the short-term downtrend toward the resistance A of 1.1605–1.1595. Once this zone is reached, consider short trades, targeting 1.1552 and 1.1499.
If the EURUSD pair breaks above the resistance A today, the correction will continue to the resistance B of 1.1658–1.1643. This zone marks the trend boundary. Thus, consider short trades near it.
EURUSD Trading Ideas for Today:
Sell at resistance A of 1.1605–1.1595. TakeProfit: 1.1552, 1.1499. StopLoss: 1.1628.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of USCRUDE in real time mode
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