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 is being corrected down.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Oil is trading in the short-term uptrend. The upside target is the upper Target Zone 84.17 – 83.12. The market is being corrected down currently.
If the price reaches support (A) 76.92 – 76.57, one could enter new purchases with the first target at yesterday’s high.
If the price breaks out support (A), it will reach support (B) 75.17 – 74.64, where one could enter purchases.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 76.92 – 76.57. TakeProfit: 80.30. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 75.17 – 74.64. TakeProfit: 80.30. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
Gold is being corrected down in the short-term uptrend. The correction target is the test of support (A) 1894 – 1890. After this zone is tested, one could enter new long trades with a target at yesterday’s high.
If the price breaks out support (A), the correction will continue down to the trend border 1877 – 1872. One could also enter purchases in the zone when it is reached by the price.
XAUUSD trading ideas for today:
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Buy according to the pattern at support (А) 1894 – 1890. TakeProfit: 1928. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 1877 – 1872. TakeProfit: 1928. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The euro buyers haven’t broken out Gold Zone 1.0869 – 1.0858, and the price is being corrected down. The correction target is the strong support levels. The first support zone is 1.0768 – 1.0757. The trend border is in the zone of 1.0715 – 1.0699.
I recommend entering new long trades after the strong support levels are tested, and there is a buy pattern. The upside target will be yesterday’s high.
EURUSD trading ideas for today:
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Buy according to the pattern at support (А) 1.0768 – 1.0757. TakeProfit: 1.0872. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 1.0715 – 1.0699. TakeProfit: 1.0872. StopLoss: according to the pattern rules.
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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 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.