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 reached the upper Target Zone 1679 – 1674 as part of a short-term uptrend.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The short-term oil trend reversed up yesterday. The Intermediary Zone 85.38 – 85.01 was broken out. Now the target for purchases is the upper Target Zone 89.51 – 88.76.
The price is currently correcting with a possible target to test the Additional Zone 86.15 – 85.96. After the AZ test, consider new purchases according to the pattern with a target at today’s high.
The trend key support is located in the zone of 84.27 – 83.90. If the price corrects in this zone, also consider purchases.
USCrude trading ideas for today:
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Buy according to the pattern in Additional Zone 86.15 – 85.96. TakeProfit: 88.00. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 84.27 – 83.90. TakeProfit: 88.00. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
Gold reached the upper Target Zone 1679 – 1674 as part of a short-term uptrend. It was not possible to break out the zone the first time, so attempts to break out the TZ will continue.
Now the price is correcting. Probably the Additional Zone 1660 – 1659 will be tested. The AZ serves as a strong support level in which it is possible to consider new purchases. The first target will be yesterday’s high.
The trend border is shifting to levels 1646 – 1643.
XAUUSD trading ideas for today:
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Buy according to the pattern in Additional Zone 1660 – 1659. TakeProfit: 1675. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 1646 – 1643. TakeProfit: 1675. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The short-term euro uptrend continued yesterday. As a result, the Target Zone 2, 1.0077 – 1.0055 was reached. This zone was held by sellers. Now a downward correction is developing with a possible target to test the Additional Zone 1.0040 – 1.0035.
After the AZ test, consider new euro purchases with a target at today’s high. If the AZ is broken out downside, the correction will continue in the Intermediary Zone 0.9987 – 0.9977. The IZ serves as the border of a short-term uptrend, so after the price reaches it, also consider purchases.
EURUSD trading ideas for today:
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Buy according to the pattern in Additional Zone 1.0040 – 1.0035. TakeProfit: 1.0093. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 0.9987 – 0.9977. TakeProfit: 1.0093. 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.