I welcome my fellow traders! I have made a price forecast for the USCrude, 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.
Short-term forecast for oil, gold, and euro-dollar today. Oil is shifting to a bullish trend.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is shifting to a bullish trend.
- XAUUSD: Gold is testing support (B) at 3,326–3,315.
- EURUSD: The trading bias for the euro has shifted to the downside.
Oil Price Forecast for Today: USCrude Analysis
Oil’s short-term trend is shifting upward. Market participants are breaking through resistance zone (B) at 68.25–67.83. If today’s US trading session closes above this zone, long positions may be considered starting tomorrow, with the main target set at the upper Target Zone of 72.78–71.95.
If the price returns below resistance (B) by the end of the session, a bearish pattern will emerge. In this case, short positions may be considered, with the first target at 65.97 and the second target near 63.70.
USCrude Trading Ideas for Today:
Watch the market.
Gold Forecast for Today: XAUUSD Analysis
Gold is testing the key support of a short-term uptrend at 3,326–3,315. The current zone is still being held by buyers, but no bullish pattern has formed yet. Therefore, the most reasonable approach today is to keep watching the market and wait for a clear buy signal. Once such a signal appears, a long position may be opened with the first target at 3,377 and the second target near 3,439.
If support (B) is broken to the downside, the short-term trend will reverse downward. In that case, starting tomorrow, short positions may be considered, with the main target set at the lower Target Zone of 3,214–3,191.
XAUUSD Trading Ideas for Today:
Buy near support (В) 3,326–3,315. TakeProfit: 3,377, 3,439. StopLoss: 3,293.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro’s short-term trend has reversed to the downside this week, breaking below support (B) at 1.1625–1.1605. The lower Target Zone of 1.1421–1.1381 is the current sell target. Selling on pullbacks from strong resistance aligns well with the current bearish trend. Today’s key resistance levels are resistance (A) at 1.1667–1.1655 and resistance (B) at 1.1743–1.1723.
To initiate buying and trigger a trend reversal to the upside, market participants need to break through resistance (B) at 1.1743–1.1723 and secure positions above it.
EURUSD Trading Ideas for Today:
Sell near resistance (А) 1.1667–1.1655. TakeProfit: 1.1593, 1.1519. StopLoss: 1.1696.
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Price chart of USCRUDE in real time mode
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