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 is correcting higher within the short-term downtrend.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is testing support B at 95.55–94.90.
- XAUUSD: Gold is rising and approaching the trend boundary at 4,415–4,398.
- EURUSD: The euro is correcting higher after reaching the Target Zone of 1.1459–1.1434.
Oil Price Forecast for Today: USCrude Analysis
The oil price is testing key support at 95.55–94.90 within the short-term uptrend. Bulls are holding this zone for now. Therefore, long trades can be considered near this support zone, with the first target at 98.49. The second bullish target will be at 102.09.
If the price breaks below support B at 95.55–94.90, the short-term trend will turn bearish. In this case, consider short trades next week, with a target in the lower Target Zone of 89.02–87.71.
USCrude Trading Ideas for Today:
Hold long trades opened near support B at 95.55–94.90. TakeProfit: 98.49, 102.09. StopLoss: 93.32.
Gold Forecast for Today: XAUUSD Analysis
Gold is correcting higher within the short-term downtrend. The price is approaching resistance B at 4,415–4,398. Once this zone is tested, consider short trades, with the first target at 4,325 and the second one around 4,235.
If the gold price pierces resistance B during trading, the short-term trend will turn bullish. In this case, consider long trades next week, targeting the upper Target Zone of 4,595–4,562.
XAUUSD Trading Ideas for Today:
Sell near resistance B at 4,415–4,398. TakeProfit: 4,325, 4,235. StopLoss: 4,443.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is rebounding from the lower Target Zone of 1.1459–1.1434. If the upward correction continues, the price may climb to the resistance zone A at 1.1548–1.1539. Once this zone is tested, consider short trades, with the first target at 1.1501 and the second one around 1.1455.
If the EURUSD pair breaks below the Target Zone of 1.1459–1.1434, the next bearish target will be the Gold Zone of 1.1375–1.1367.
EURUSD Trading Ideas for Today:
Sell near resistance A at 1.1548–1.1539. TakeProfit: 1.1501, 1.1455. StopLoss: 1.1567.
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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