Sage Investment Club

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.

EURUSD tested support (A) 1.0823 – 1.0812 yesterday.

Oil price forecast for today: USCrude analysis

The oil short-term uptrend continues. The upside target is the high of January 23. The price tested the trend key support 77.42 – 76.89 yesterday. Following the key support test, buyers reacted, and the price went up at the end of the US session. The market should continue rising today.

An alternative scenario suggests the price should break through yesterday’s low and consolidate below level 76.89. In this case, the short-term trend will turn down, and it will be relevant to sell oil with a target at the lower Target Zone.

USCrude trading ideas for today:

Hold up purchases entered at support (В) 77.42 – 76.89. TakeProfit: 82.63. StopLoss: at breakeven.


Gold forecast for today: XAUUSD analysis

The gold price tested the zone of 1914 – 1892. Buy limit orders must have accumulated in this zone, and the price rose to level 1927. The short-term trend remains up, and the gold price should continue rising up to the high of January 26. If the high of January 26 is broken through, the next upside target will be Gold Zone 1971 – 1968. 

An alternative scenario: if the price breaks through yesterday’s low and breaks out level 1892, the short-term trend will turn down.

XAUUSD trading ideas for today:

Buy according to the pattern in the zone of 1914 – 1892. TakeProfit: 1948. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

EURUSD tested support (A) 1.0823 – 1.0812 yesterday. The short-term uptrend continues today. The upside target is the high of January 26. After the high is broken through, the next upside target will be Target Zone 1.0985 – 1.0964.

It is relevant to hold up purchases entered at support (A). A part of the long position could be closed, and the rest should be moved to the breakeven. 

If the price starts lowering and breaks through yesterday’s low, the EURUSD should reach support (B) 1.0770 – 1.0754. After the support is tested, one could consider entering new longs according to the pattern, as support (B) is the trend border. 

EURUSD trading ideas for today:

  1. Hold up a part of the long trades entered at support (А) 1.0823 – 1.0812. TakeProfit: 1.0927. StopLoss: at breakeven.

  2. Buy according to the pattern at support (В) 1.0770 – 1.0754. TakeProfit: 1.0927. StopLoss: according to the pattern rules.


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Price chart of EURUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. 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.

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