Welcome, my fellow traders! I have prepared a price forecast for USCrude, 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 oil price has risen to the 87.91–87.46 zone.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has once again corrected higher to resistance A at 87.91–87.46.
- XAUUSD: Gold’s short-term trend has turned bearish.
- EURUSD: The euro is falling and approaching the Gold Zone of 1.1039–1.1031.
Oil Price Forecast for Today: USCrude Analysis
Oil once again reached resistance A at 87.91–87.46 yesterday. The remaining short trades in the trading system closed at breakeven. However, resistance A has not yet been broken, so short trades can still be considered near this zone. A clear bearish pattern is needed to open new short positions. In this case, the first sell target will be the 85.49 level, and the second target will be 83.03.
If the price breaks above the resistance zone A, the correction will continue up to resistance B at 90.34–89.68.
USCrude Trading Ideas for Today:
Watch the market.
Gold Forecast for Today: XAUUSD Analysis
Gold’s short-term trend turned bearish yesterday as the price broke below the key support zone at 3,996–3,981. Now, the primary downside target is the lower Target Zone of 3,844–3,813.
Consider short trades on a correction from resistance A at 3,964–3,953 once it is tested. The first target will be 3,908, and the second target will be 3,852.
XAUUSD Trading Ideas for Today:
Sell near resistance A at 3,964–3,953. TakeProfit: 3908, 3852. StopLoss: 3988.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is trading within a short-term downtrend and is approaching the Gold Zone of 1.1039–1.1031. Consider new short positions during pullbacks from resistance A at 1.1138–1.1129. The first target will be 1.1092, and the second target will be around 1.1045.
If the price breaks below today’s low, resistance zones should be adjusted.
EURUSD Trading Ideas for Today:
Sell near resistance A at 1.1138–1.1129. TakeProfit: 1.1092, 1.1045. StopLoss: 1.1157.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of USCRUDE in real time mode
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