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.
The euro extended its short-term downtrend yesterday.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is correcting lower, breaking through support A at 97.73–97.30.
- XAUUSD: Gold has reached all the previous sell targets.
- EURUSD: The euro has declined to the lower Target Zone of 1.1459–1.1434.
Oil Price Forecast for Today: USCrude Analysis
Oil is pulling back within a short-term uptrend. Yesterday, the price tested support A at 97.73–97.30.
Today, this zone was pierced. The next target for the corrective movement is support B at 95.55–94.90, the trend boundary. Consider long trades near this zone, with the first target at 98.49 and the second at 102.09.
USCrude Trading Ideas for Today:
Buy near support B at 95.55–94.90. TakeProfit: 98.49, 102.09. StopLoss: 93.56.
Gold Forecast for Today: XAUUSD Analysis
Yesterday, the gold price tested resistance A at 4,373–4,362. Bears defended this zone, and the asset dropped amid the US Fed’s interest rate decision. As a result, the price reached all the bearish targets and fell below the September 14 low.
The price attempted to break below the Gold Zone of 4,286–4,276 but failed. Consequently, the price is now rising within an upward correction and approaching the new resistance zone A at 4,355–4,344. Consider short trades near this zone.
XAUUSD Trading Ideas for Today:
Sell near resistance A at 4,355–4,344. TakeProfit: 4,295, 4,235. StopLoss: 4,379.
Euro/Dollar Forecast for Today: EURUSD Analysis
Yesterday, the euro continued its short-term downtrend, reaching the lower Target Zone of 1.1459–1.1434. After that, an upward correction began.
If the correction persists, the asset may climb to resistance A at 1.1548–1.1539. Once this zone is tested, consider short trades, with the primary target at today’s low.
EURUSD Trading Ideas for Today:
Sell near resistance A at 1.1548–1.1539. TakeProfit: 1.1501, 1.1455. StopLoss: 1.1567.
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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