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.
Oil's short-term trend turned upward yesterday.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has shifted to an uptrend.
- XAUUSD: Gold is testing resistance A at 4,179–4,169 within a correction.
- EURUSD: The euro is testing the trend boundary at 1.1251–1.1239.
Oil Price Forecast for Today: USCrude Analysis
Yesterday, oil switched to an uptrend, breaking above the key resistance of 93.61–92.95. The upper Target Zone of 100.93–99.60 is now a buy target.
Consider long trades during a pullback at support A at 92.27–91.83, with the main target at yesterday's high.
USCrude Trading Ideas for Today:
Buy near support A at 92.27–91.83. TakeProfit: 94.26, 96.70. StopLoss: 90.72.
Gold Forecast for Today: XAUUSD Analysis
Gold is once again testing resistance A at 4,179–4,169. If the metal pierces this zone, the correction may continue toward the trend boundary at 4,235–4,220. Consider short trades near this zone.
If sellers manage to hold resistance A at 4,179–4,169, consider short trades, with the first target at 4,122 and the second near 4,066.
XAUUSD Trading Ideas for Today:
Sell near resistance B at 4,235–4,220. TakeProfit: 4,151; 4,066. StopLoss: 4,265.
Euro/Dollar Forecast for Today: EURUSD Analysis
Today, the euro is testing the key resistance of the short-term downtrend at 1.1251–1.1239. Consider short trades near this zone, with the first target at 1.1182 and the second target around 1.1113 once the corresponding pattern forms.
If the EURUSD pair breaks above resistance B at 1.1251–1.1239, the trend will turn bullish. In that case, consider long trades next week, targeting the upper Target Zone of 1.1390–1.1365.
EURUSD Trading Ideas for Today:
Sell near resistance B at 1.1251–1.1239. TakeProfit: 1.1182, 1.1113. StopLoss: 1.1276.
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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