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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.

The EURUSD reached resistance (А) 1.0553 – 1.0544 yesterday.

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The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The oil price is trading in the short-term downtrend. The price broke out the Target Zone 84.06 – 83.07. The next downside target is the Gold Zone 80.76 – 80.43. If the GZ is broken out, the price will continue declining to the Target Zone 2, 77.46 – 76.80.

It is relevant to enter new shorts on the correction to resistance (А) 84.83 – 84.50 or resistance (В) 86.64 – 86.15. The first downside target is today’s low.

USCrude trading ideas for today:

  1. Sell according to the pattern in resistance (А) 84.83 – 84.50. TakeProfit: 81.20. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in resistance (В) 86.64 – 86.15. TakeProfit: 81.20. StopLoss: according to the pattern rules.


Gold forecast for today: XAUUSD analysis

The gold short-term downtrend continues. The price continued falling yesterday and broke through the low of October 3. The next downside target is the Gold Zone 1808 – 1804. When the GZ is reached, the market could start an ascending correction. 

It is relevant to enter new sales in the resistance zone of 1834 – 1832 or the resistance zone of 1855 – 1852. The primary target is yesterday’s low. 

If the price breaks out level 1855 and consolidates above, the trend will turn up, and it will be relevant to buy.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in the resistance zone 1834 – 1832. TakeProfit: 1813. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in resistance (А) 1855 – 1852. TakeProfit: 1813. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The EURUSD reached resistance (A) 1.0553 – 1.0544 yesterday. Resistance (A) has not been broken out, and it is relevant to sell today with a target at the low of October 3. If the indicated low is broken through, the next downside target is Target Zone 1.0402 – 1.0382.

If resistance (A) is broken out, the price will reach resistance (B) 1.0606 – 1.0592. The latter zone is the trend border, and when it is reached, one could enter sell trades.

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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.

  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 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.

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