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I welcome my fellow traders! I have made a price forecast for 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 is trading in the short-term downtrend.

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The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The oil price is being corrected in the short-term downtrend. The price could reach resistance (А) 90.50 – 90.17. When the first resistance is reached, one can enter a sell trade with a target at yesterday’s low.

If the price breaks out resistance (A), it will go up to resistance (В) 92.31 – 91.82. The latter zone is the trend border, where one could also enter sell trades.

USCrude trading ideas for today:

  1. Sell according to the pattern in resistance (А) 90.50 – 90.17. TakeProfit: 86.93. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in resistance (В) 92.31 – 91.82. TakeProfit: 86.93. StopLoss: according to the pattern rules.


Gold forecast for today: XAUUSD analysis

The gold price is trading down in the short term. The downside target is the Gold Zone 1808 – 1804. The market could be corrected today if the price exceeds yesterday’s high. In case of a correction, the gold price will reach resistance (А) 1858 – 1854 or resistance (В) 1879 – 1873. I recommend entering new short trades in the resistance zones with a target at yesterday’s low.

If yesterday’s low is broken through today, margin requirements zones should be revised.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in resistance (А) 1858 – 1854. TakeProfit: 1815. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in resistance (В) 1879 – 1873. TakeProfit: 1815. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The EURUSD downtrend went on yesterday. The price consolidated below the Gold Zone 1.0498 – 1.0488. The downside target now is the Target Zone 1.0402 – 1.0382. It is relevant to enter new sell trades on the corrections. 

In case of correction, the price will reach resistance (А) 1.0553 – 1.0544 or resistance (В) 1.0606 – 1.0592. One could enter sales in the resistance zones with a target at yesterday’s low. 

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EURUSD trading ideas for today:

  1. Sell according to the pattern in resistance (А) 1.0553 – 1.0544. TakeProfit: 1.0450. StopLoss: according to the pattern rules.

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  2. Sell according to the pattern in resistance (В) 1.0606 – 1.0592. TakeProfit: 1.0450. StopLoss: according to the pattern rules.


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Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

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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.

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