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.

Gold sellers are again trying to break out the Gold Zone 1643 – 1641 downside.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil downtrend continued yesterday. As a result, the Target Zone 85.11 – 84.36 was broken out, and then the Gold Zone 81.36 – 80.99 was reached. After this, the price corrected and tested the Additional Zone 83.32 – 83.13.

The Additional Zone serves as a strong resistance, in which today it is possible to consider oil sales with a target at yesterday’s low.

If the Additional Zone is broken out upside, the correction will continue with the target in the Intermediary Zone 85.38 – 85.01. The IZ serves as the border of a short-term downtrend, so after reaching it, also look for sales.

USCrude trading ideas for today:

1. Sell according to the pattern in Additional Zone 83.32 – 83.13. TakeProfit: 81.35. StopLoss: according to the pattern rules.

2. Sell according to the pattern in Intermediary Zone 85.38 – 85.01. TakeProfit: 81.35. StopLoss: according to the pattern rules.

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Gold price forecast for today: XAUUSD analysis

Gold sellers are again trying to break out the Gold Zone 1643 – 1641 downside. If they succeed, and the price closes lower in the American trading session today, the next target for sales will be the Target Zone 1615 – 1609.

Otherwise, a second correction will begin in the Intermediary Zone 1671 – 1668. After the IZ test, consider sales according to the pattern false breakout of the October 17 high.

If the Intermediary Zone is broken out upside and the price closes higher in the American trading session, the short-term trend will reverse up. In this case, from the next trading day, consider purchases with a target in the upper Target Zone 1702 – 1697.

XAUUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1671 – 1668. TakeProfit: 1640. StopLoss: according to the pattern rules.

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Euro/Dollar forecast for today: EURUSD analysis

Yesterday, as part of the correction, an Additional Zone 0.9819 – 0.9814 was tested, after which the day’s local high was updated. Therefore, today the new support levels are Additional Zone 0.9822 – 0.9817 and Intermediary Zone 0.9769 – 0.9759. Consider new purchases on a correction according to the pattern after the test of the abovementioned support levels. The target for purchases will be yesterday’s high.

If yesterday’s high is updated, there will be a high probability of price consolidation above the Target Zone, which means that the next target within the trend will be the Gold Zone.

The Intermediary Zone serves as the short-term uptrend’s border. If this zone is broken out downside with consolidation, the trend will reverse down. In this case, consider euro sales with the target in the lower Target Zone.

EURUSD trading ideas for today:

1. Buy according to the pattern in Additional Zone 0.9822 – 0.9817. TakeProfit: 0.9873. StopLoss: according to the pattern rules.

2. Buy according to the pattern in Intermediary Zone 0.9769 – 0.9759. TakeProfit: 0.9873. StopLoss: according to the pattern rules.

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Price chart of XAUUSD in real time mode