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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.
Yesterday, gold reached the Target Zone 3, 2288 – 2279.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Yesterday, oil reached the Gold Zone 84.98 – 84.65. Today, traders are likely to break out this GZ. If they succeed, the short-term uptrend’s next target will be the Target Zone 2, 88.61 – 87.95.
If the price remains within the Gold Zone, a downward correction may start. In this scenario, the correction target will be the support (A) 81.78 – 81.45. After reaching this support, consider new purchases with the target at today’s high.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 81.78 – 81.45. TakeProfit: 85.00. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 80.13 – 79.63. TakeProfit: 85.00. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Yesterday, gold reached the Target Zone 3, 2288 – 2279. Today, traders are likely to break it out. If the price consolidates above the TZ 3, the next purchase target will be the Gold Zone 3, 2328 – 2323.
If sellers hold the price within the Target Zone 3, a downward correction will likely begin. The correction target will be the support (A) 2244 – 2239. After reaching this zone, consider purchases with the target at today’s high.
XAUUSD trading ideas for today:
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Buy according to the pattern at support (А) 2244 – 2239. TakeProfit: 2286. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 2222 – 2215. TakeProfit: 2286. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The euro continues to trade in a short-term downtrend. The Target Zone 1.0729 – 1.0704 was reached yesterday. Buyers held this zone, which led to an upward correction. Within the correction, the price may test the resistance (A) 1.0817 – 1.0808 or the resistance (B) 1.0863 – 1.0850. Once the price tests these levels, consider new sales with a target at yesterday’s low.
If the price dips below yesterday’s low, the Target Zone may be breached. In this case, the next selling target will be the Gold Zone 1.0645 – 1.0636.
EURUSD trading ideas for today:
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Sell according to the pattern at resistance (А) 1.0817 – 1.0808. TakeProfit: 1.0729. StopLoss: according to the pattern rules.
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Sell according to the pattern at resistance (В) 1.0863 – 1.0850. TakeProfit: 1.0729. 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.
