Welcome, my fellow traders! I have prepared a price forecast for US Crude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
The euro is rising from the key support of the short-term trend.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is approaching the 88.91–88.71 zone.
- XAUUSD: Gold is testing the 4,464 level.
- EURUSD: The euro is rising after touching support B at 1.1585–1.1572.
Oil Price Forecast for Today: USCrude Analysis
Oil is trading within a short-term uptrend. Yesterday, the price continued to climb, exceeding the September 2 high. However, it failed to pierce the Gold Zone of 90.05–89.64. The price should settle above 90.05 to sustain further gains.
Today, the oil price is correcting lower and nearing the additional zone of 88.91–88.71. Once this zone is tested, long trades can be considered, with the primary target at yesterday’s high.
USCrude Trading Ideas for Today:
Buy near 88.91–88.71. Take Profit: 90.88. Stop Loss: 88.12.
Gold Forecast for Today: XAUUSD Analysis
Gold prices continued to increase yesterday. As a result, the asset surpassed the 4,464 level. However, it failed to settle above this level and is now retreating. If the decline continues, consider short trades, with the first target at 4,367 and the second one near the September 2 low at 4,282.
If the gold price settles above 4,464, the short-term trend will turn bullish. In this case, consider long trades next week, targeting the upper Target Zone of 4,621–4,590.
XAUUSD Trading Ideas for Today:
Watch the market.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro began to rise after reaching the key support of 1.1585–1.1572 within the short-term uptrend. Yesterday, the price approached the first bullish target around 1.1642. Today, the rally may continue, so consider holding long positions. When the price hits 1.1642, you can close part of your long trades and move the remainder to the breakeven point. The second target is the August high around 1.1711.
EURUSD Trading Ideas for Today:
Hold long trades opened near support B of 1.1585–1.1572. Take Profit: 1.1642, 1.1711. Stop Loss: 1.1579.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of EURUSD in real time mode
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