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 EURUSD short-term uptrend continued last Friday.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Last Friday, the oil traders were trying to turn the oil short-term trend up, but the US session closed the price below the Intermediary Zone 85.38 – 85.01. Therefore, the oil short-term downtrend continues.

As of today, it is relevant to sell oil with a target at the low of October 18. To enter shorts, we need a sell pattern that will emerge if the price breaks through Friday’s low and consolidates below.

Otherwise, the price could rise to Intermediary Zone and break it out. If so, the short-term trend will turn up and the upside target will be the upper Target Zone 89.51 – 88.76.

USCrude trading ideas for today:

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

The gold short-term trend turned up. The price broke out the Intermediary Zone 1648 – 1645, and the upside target is now the upper Target Zone 1679 – 1674.

The price is now being corrected down and is testing the Additional Zone 1656 – 1654, which is a strong support level. One could enter new purchases in the AZ with the first target at today’s high.

If the Additional Zone is broken out downside, the price should reach the Intermediary Zone 1642 – 1639. When the Intermediary Zone is reached, I recommend looking for buy entries.

XAUUSD trading ideas for today:

1. Buy according to the pattern in Additional Zone 1656 – 1654. TakeProfit: 1670. StopLoss: according to the pattern rules.

2. Buy according to the pattern in Intermediary Zone 1642 – 1639. TakeProfit: 1670. StopLoss: according to the pattern rules.

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Euro/Dollar forecast for today: EURUSD analysis

The EURUSD short-term uptrend continued last Friday. The price has broken through the high of October 18. Next, the price started a correction, and traders are trying to break out the Additional Zone 0.9846 – 0.9841. Unless the Additional Zone is broken out, there will be a buy pattern. In this case, one could enter a buy trade with a target at today’s high.

If the Additional Zone is broken out downside, the correction should continue down to the Intermediary Zone 0.9793 – 0.9782, which is the border of the short-term uptrend. When the IZ is reached by the price, I suggest primarily considering purchases.

EURUSD trading ideas for today:

1. Buy according to the pattern in Additional Zone 0.9846 – 0.9841. TakeProfit: 0.9897. StopLoss: according to the pattern rules.

2. Buy according to the pattern in Intermediary Zone 0.9793 – 0.9782. TakeProfit: 0.9897. StopLoss: according to the pattern rules.

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Price chart of EURUSD in real time mode