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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 euro is rising after the Fed left interest rates unchanged.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Oil is correcting downwards, with a target at support (A) 79.73 – 79.40. The short-term uptrend continues. If the price reaches support (A) as part of the correction, consider new purchases according to the pattern, with the target at March 19 high.
If, during trading, traders break out the Target Zone 82.34 – 81.35 and consolidate the price higher, the next purchase target will be the Gold Zone 84.98 – 84.65.
The trend border is shifting to the zone of 78.08 – 77.59.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 79.73 – 79.40. TakeProfit: 82.97. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 78.08 – 77.59. TakeProfit: 82.97. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
The short-term gold uptrend continues. Yesterday, after testing support (A) 2151 – 2146, the price rose sharply and updated March 8 high. The Target Zone 2200 – 2191 was also broken out. The next growth target is the Gold Zone 2240 – 2235.
It is profitable to consider new purchases on the correction at strong support (A) 2178 – 2174 and support (B) 2156 – 2149. Focus on today’s high as the first target for purchases.
XAUUSD trading ideas for today:
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Buy according to the pattern at support (А) 2178 – 2174. TakeProfit: 2220. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 2156 – 2149. TakeProfit: 2220. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The euro is rising after the Fed left interest rates unchanged and predicted a 0.75% rate cut in 2024. The nearest growth target is the Target Zone 1.0972 – 1.0946. If this zone is broken out, the next target will be the Gold Zone 1.1039 – 1.1030.
The short-term uptrend continues. The trend key support is in the zone of 1.0855 – 1.0842. Therefore, today, it is profitable to hold purchases to the target, according to previous trading recommendations.
EURUSD trading ideas for today:
Hold up purchases at support (В) 1.0855 – 1.0842. TakeProfit: Target Zone 1.0972 – 1.0946. StopLoss: at the breakeven.
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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.
