Short-term analysis for oil, gold, and EURUSD
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.
The oil short-term trend turned down yesterday.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Gold forecast for today: XAUUSD analysis
Euro/Dollar forecast for today: EURUSD analysis
Oil price forecast for today: USCrude analysis
The oil short-term trend turned down yesterday. The price broke out the trend key support 70.34 - 69.90. The downside target is the lower Target Zone 65.99 — 65.12.
Enter short positions on the correction to resistance (А) 72.25 – 71.96. The first downside target will be today’s low.
If resistance (A) is broken out, the price will go up to resistance (В) 73.85 – 73.41. One could enter sell trades in the second resistance zone.
USCrude trading ideas for today:
Buy according to the pattern at support (А) 72.25 - 71.96. TakeProfit: 69.15. StopLoss: according to the pattern rules.
Buy according to the pattern at support (В) 73.85 - 73.41. TakeProfit: 69.15. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
The gold price is being corrected up in the short-term downtrend. The correction target is resistance (А) 1978 - 1974. When the price reaches the first resistance, one could enter new sell trades with a target at the low of May 30.
If resistance (A) is broken out, the price will be corrected up to resistance (В) 2001 - 1995. This zone is the trend border, where one could also enter sell trades.
If the low of May 30 is broken through and the price consolidates below, the Target Zone 1956 – 1943 will be broken out. In this cas
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