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 have identified entry signals for intraday traders.
Gold is trading in a short-term downtrend.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is falling from the resistance A at 92.45–92.01, approaching the first sell target at 90.03.
- XAUUSD: Gold sellers are defending the 4,193 resistance level.
- EURUSD: The euro is rising in a technical upward correction.
Oil Price Forecast for Today: USCrude Analysis
Yesterday, oil prices tested the resistance A at 92.45–92.01. Sellers defended the zone. Today, oil began to decline with targets of 90.03 and 87.58.
If the price settles above the resistance level A, the correction will likely continue to the resistance B at 94.09–94.23, where short positions can be considered.
USCrude Trading Ideas for Today:
Hold short trades opened at resistance A at 92.45–92.01. TakeProfit: 90.03, 87.58. StopLoss: 93.51.
Gold Forecast for Today: XAUUSD Analysis
Gold is trading within a short-term downtrend. Sellers defended the resistance A at 4,223–4,213. The first downside target, near 4,167, was reached on September 30, while the second target is at 4,110. Consider holding existing short positions and looking for opportunities to open new ones near 4,193.
XAUUSD Trading Ideas for Today:
Hold short trades opened at resistance A at 4,223–4,213. TakeProfit: 4,110. StopLoss: at breakeven.
Euro/Dollar Forecast for Today: EURUSD Analysis
Yesterday, the euro broke through the Target Zone 2 at 1.1291–1.1274. The next downside target for short positions is the Gold Zone 2 at 1.1207–1.1199. Today, the price is rising as part of an upward correction. If the correction continues, the price could reach the resistance A at 1.1307–1.1299. Once this zone is reached, consider new short positions in line with the prevailing trend, with targets at 1.1261 and 1.1215.
EURUSD Trading Ideas for Today:
Sell near resistance A at 1.1307–1.1299. TakeProfit: 1.1261, 1.1215. StopLoss: 1.1327.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of XAUUSD in real time mode
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