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.
Gold price is testing short-term uptrend’s key support.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The short-term oil trend is up. Target Zone 78.59 – 78.08 was broken out yesterday. The next growth target is the Gold Zone 80.89 – 80.63.
Local support 78.56 was tested tonight. This led to a buyers’ reaction and a price rise. The growth target is to update yesterday’s high.
After updating yesterday’s high, rearrange support zones, wait for a correction, and look for a buy pattern.
To enter sales, it is required that traders failed to update yesterday’s high. As a result, the correction starts to develop from the current prices, within which the level of 78.56 will be broken out. This will make it possible to enter sales with a target in the Additional Zone 77.94 – 77.82.
USCrude trading ideas for today:
Watch the market.
Gold price forecast for today: XAUUSD analysis
Yesterday, gold traders tested the key support of the short-term uptrend 1751 – 1749. This led to a limited price rise at the US trading session and the holding of the zone.
Today the price is testing the trend’s key support again. Our task is to find a buy pattern and buy gold with a target at the week’s high.
An alternative scenario suggests the breakout of the Intermediary Zone 1751 – 1749 and the trend reversal. In this case, sell gold with a target in the lower Target Zone 1733 – 1729.
XAUUSD trading ideas for today:
Open buy positions according to the pattern in 1751 – 1749. TakeProfit: 1770. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
On Wednesday morning, the short-term euro downtrend continues. At the moment, the bears are trying to consolidate the price below the Additional Zone 1.1596 – 1.1591. If successful, then there will be a further euro price decline with the target in the zone of 1.1551 – 1.1543.
If the buyers manage to return the price to the Additional Zone during the European session, then the upward pattern to work in correction will be preserved. In this case, it will be possible to open purchases with a stop beyond today’s low and a take profit in the Intermediary Zone 1.1659 – 1.1650.
EURUSD trading ideas for today:
Open buy positions according to the pattern in 1.1611 – 1.1591. TakeProfit: Intermediary Zone 1.1659 – 1.1650. StopLoss: according to the pattern rules.
P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂
Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.
Useful links:
- I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
- Use my promo-code BLOG for getting deposit bonus 50% on LiteForex platform. Just enter this code in the appropriate field while depositing your trading account.
- Telegram chat for traders: https://t.me/liteforexengchat. We are sharing the signals and trading experience
- Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex
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 LiteForex. 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.
- 2021
- 7
- 77
- Account
- Additional
- advice
- All
- analysis
- analytics
- article
- articles
- Bears
- BEST
- Blog
- breakout
- broker
- buy
- Buy Gold
- code
- comments
- content
- continues
- Current
- develop
- DID
- Euro
- European
- forex
- Gold
- Growth
- High
- HTTPS
- image
- investment
- IT
- Key
- Led
- Level
- logo
- Market
- Market Analysis
- networks
- official
- Oil
- open
- Opinion
- Other
- Pattern
- platform
- Preview
- price
- Profit
- purchases
- Rates
- reaction
- Reviews
- rules
- sales
- sell
- Share
- Social
- social networks
- successful
- support
- system
- Target
- Technical
- Technical Analysis
- Testing
- time
- trade
- Traders
- Trading
- Training
- Update
- us
- wait
- week
- within
- Work
- xauusd