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 uptrend continued yesterday.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The short-term oil uptrend continued yesterday. As a result, September 29 high was updated. The next target for purchases is the upper Target Zone 85.32 – 84.48.
Yesterday, the Additional Zone 81.91 – 81.70 was tested. The zone was held by buyers, therefore, the probability of yesterday’s high update is quite high.
Today look for long oil trades on corrections. Enter purchases if there is a corresponding pattern on the chart. The first target for purchases will be yesterday’s high.
USCrude trading ideas for today:
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Buy according to the pattern in Additional Zone 81.91 – 81.70. TakeProfit: 83.97. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 79.79 – 79.37. TakeProfit: 83.97. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
The short-term gold uptrend continued yesterday. As a result, September 30 high was updated, and the Target Zone 1677 – 1671 was broken out.
As a result, traders reached the Gold Zone 1703 – 1700. The zone has not been broken out yet, so don’t expect further growth. However, it is possible to consider purchases on correction at strong support levels, Additional Zone 1688 – 1686 and Intermediary Zone 1674 – 1671. The IZ serves as the border of a short-term uptrend.
If during today’s trading the Gold Zone is broken out upside and the price closes higher in the American trading session, the next target for purchases will be Target Zone 2, 1734 – 1728.
XAUUSD trading ideas for today:
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Buy according to the pattern in Additional Zone 1688 – 1686. TakeProfit: 1702. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 1674 – 1671. TakeProfit: 1702. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The short-term euro uptrend continues. The main growth target is September 30 high, which is in the Gold Zone 0.9864 – 0.9853. If this high is updated, it will be possible to break out the Gold Zone upside.
If the Gold Zone is broken out and the price closes higher in the American trading session, the next target for purchases will be Target Zone 2, 0.9981 – 0.9959.
Today it is profitable to hold long trades entered in the Intermediary Zone 0.9747 – 0.9737. If the IZ is broken out downside, the short-term trend will reverse down. In this case, from the next trading day, switch to euro sales with the target in the lower Target Zone 0.9641 – 0.9620.
EURUSD trading ideas for today:
Hold up buy trades entered in Intermediary Zone 0.9747 – 0.9737. TakeProfit: 0.9853. StopLoss: at breakeven.
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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.
