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I welcome my fellow traders! I have made a price forecast for the USCrude, 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 short-term gold uptrend continues.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Today, traders updated the March high at the level of 83.04. If the price consolidates above this high, the next target for purchases will be the Gold Zone 84.98 – 84.65. If it fails to consolidate above the level of 83.04, the price will go into a downward correction.
If a correction develops, the price may reach support (A) 79.85 – 79.52. In this zone, consider new purchases according to the pattern with a target at 83.04. The trend border is shifting to 78.20 – 77.70.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 79.85 – 79.52. TakeProfit: 83.04. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 78.20 – 77.70. TakeProfit: 83.04. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
The short-term gold uptrend continues. Today, the price reached another high. The Gold Zone 2, 2240 – 2235 was also broken out. The next growth target is Target Zone 3, 2288 – 2279. It is profitable to consider new purchases on a correction at strong support levels.
Strong support levels at the moment are support (A) 2221 – 2217 and support (B) 2199 – 2192. If the price corrects into these zones, consider new purchases according to the pattern with the first target at today’s high.
XAUUSD trading ideas for today:
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Buy according to the pattern at support (А) 2221 – 2217. TakeProfit: 2264. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 2199 – 2192. TakeProfit: 2264. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The euro continues to trade in a short-term downtrend. The decline target is the Target Zone 1.0729 – 1.0704. After the price reaches this zone, large sales may be closed and an upward correction may begin to develop.
If the correction starts to develop from the current prices, expect the euro in the resistance (A) 1.0860 – 1.0852. After reaching this zone, it will be profitable to consider new sales with a target at March 29 low. The trend border shifts to 1.0906 – 1.0894.
EURUSD trading ideas for today:
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Sell according to the pattern at resistance (А) 1.0860 – 1.0852. TakeProfit: 1.0769. StopLoss: according to the pattern rules.
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Sell according to the pattern at resistance (В) 1.0906 – 1.0894. TakeProfit: 1.0769. 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.
