I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
The short-term gold trend reversed down last week.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The short-term oil uptrend continues. Last Friday, the Gold Zone 89.13 – 88.70 was broken out. The next target for purchases is the Target Zone 2, 93.77 – 92.93. At the moment, the correction is developing.
If, within the correction, traders reach the Additional Zone 90.23 – 90.02, it will be possible to consider new purchases at favorable prices with a target at the last week’s high.
If the Additional Zone is broken out downside within the correction, expect the test of the Intermediary Zone 88.12 – 87.70. The IZ serves as the border of a short-term uptrend, so after the price reaches it, also look for purchases with a target at the last week’s high.
USCrude trading ideas for today:
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Buy according to the pattern in Additional Zone 90.23 – 90.02. TakeProfit: 92.23. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 88.12 – 87.70. TakeProfit: 92.23. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
The short-term gold trend reversed down last week. The Intermediary Zone 1700 – 1698 was broken out. Now the target for sales is the lower Target Zone 1672 – 1666.
Consider sales on correction at strong resistance levels such as the Additional Zone 1700 – 1699 and the Intermediary Zone 1716 – 1713. The latter serves as the border of the short-term downtrend.
Gold purchases are risky at the moment, as they are against the trend.
XAUUSD trading ideas for today:
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Sell according to the pattern in Additional Zone 1700 – 1699. TakeProfit: 1685. StopLoss: according to the pattern rules.
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Sell according to the pattern in Intermediary Zone 1716 – 1713. TakeProfit: 1685. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
Today, the short-term euro downtrend continued. As a result, Friday’s low was updated, and the Additional Zone 0.9784 – 0.9779 worked out. The next target for sales is the Gold Zone 0.9681 – 0.9671.
Look for new sales on correction at strong resistance levels, Additional Zone 0.9774 – 0.9768 and Intermediary Zone 0.9832 – 0.9821. If, during the correction, the price tests an Additional Zone, then first of all look for a sell pattern with the first target around today’s low.
If during the correction the Additional Zone is broken out upside, expect the price to rise to the Intermediary Zone. After the IZ test, look for a sell pattern and sell the euro when the asset price reaches the target at today’s low.
EURUSD trading ideas for today:
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Sell according to the pattern in Additional Zone 0.9774 – 0.9768. TakeProfit: 0.9766. StopLoss: according to the pattern rules.
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Sell according to the pattern in Intermediary Zone 0.9832 – 0.9821. TakeProfit: 0.9766. StopLoss: according to the pattern rules.
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Price chart of XAUUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
