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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 continued yesterday.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Yesterday, the oil price broke out the upper Target Zone 82.34 – 81.35 and consolidated higher. The next growth target is the Gold Zone 84.98 – 84.65. Market trading is closed today, so you can make a trading plan for Monday.
If during trading on Monday, March 19 high is updated, then it will be necessary to rearrange the key support zones. It will be profitable to consider new purchases on correction at key supports. As a purchase target, focus on the local high, or March 19 high. The uptrend border is currently in 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 continued yesterday. As a result, the price updated March 21 high, and also reached the Gold Zone 2240 – 2235. The GZ was not broken out, so a correction may begin there. In this case, expect the price in support (A) 2191 – 2187 or support (B) 2169 – 2163. It will be possible to consider new purchases with a target at March 28 high in the beforementioned supports.
If, during trading, the Gold Zone is broken out upside and the price consolidates higher, the next growth target will be Target Zone 3, 2288 – 2279.
XAUUSD trading ideas for today:
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Buy according to the pattern at support (А) 2191 – 2187. TakeProfit: 2235. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 2169 – 2163. TakeProfit: 2235. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The euro continues to decline. Yesterday, March 25 low was updated. The next decline target is the Target Zone 1.0729 – 1.0704. After reaching it, expect the development of an upward correction.
It is profitable to consider new sales on correction at resistance (A) 1.0866 – 1.0857 and resistance (B) 1.0912 – 1.0899. To enter sales at the beforementioned resistances, wait for their test, see the reaction, and then detect a reversal pattern. Today’s low will serve as the first sales target.
EURUSD trading ideas for today:
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Sell according to the pattern at resistance (А) 1.0866 – 1.0857. TakeProfit: 1.0774. StopLoss: according to the pattern rules.
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Sell according to the pattern at resistance (В) 1.0912 – 1.0899. TakeProfit: 1.0774. 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.
