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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.
Gold traders are testing support (A) 2151 – 2146.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The oil price continues to strengthen as part of a short-term uptrend. The growth target is the Target Zone 82.34 – 81.35. After reaching this zone, traders may close large purchases. In this case, the price will correct. Thus, expect quotes in the support (A) 77.74 – 77.41. After reaching this support, consider new long trades.
If during trading the Target Zone is broken out upside and the price consolidates higher, the next purchase target will be the Gold Zone 84.98 – 84.65.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 77.74 – 77.41. TakeProfit: 80.97. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 76.09 – 75.59. TakeProfit: 80.97. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Gold traders are testing support (A) 2151 – 2146. The short-term uptrend continues. If support (A) is held, a buy pattern will form. In this case, it will be possible to open long trades with a target at March 8 high. If support (A) is broken out downside, expect the price in support (B) 2129 – 2122. In this zone traders can also consider purchases with a target at March 8 high.
XAUUSD trading ideas for today:
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Buy according to the pattern at support (А) 2151 – 2146. TakeProfit: 2193. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 2129 – 2122. TakeProfit: 2193. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The short-term euro uptrend continues. The price is trying to recover above support (A) 1.0897 – 1.0888. If the price consolidates above support (A), consider purchases according to the pattern with the target at March 8 high. When March 8 high is updated, the Target Zone will be broken out, and the next target for purchases will be the Gold Zone 1.1039 – 1.1030.
If the price does not consolidate above support (A), the correction will continue with the target at support (B) 1.0855 – 1.0842. After testing this zone, consider purchases, as support (B) serves as the trend border.
EURUSD trading ideas for today:
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Buy according to the pattern at support (А) 1.0897 – 1.0888. TakeProfit: 1.0979. StopLoss: at the breakeven.
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Buy according to the pattern at support (В) 1.0855 – 1.0842. TakeProfit: 1.0979. 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.
