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I welcome my fellow traders! I have made a price forecast for US Crude, 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 short-term uptrend continues.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Oil price rose and reached the main target in the short-term uptrend. The price tested the Target Zone 81.80 – 80.75. If this zone is broken out, the next upside target will be Gold Zone 84.60 – 84.25.
I suggest entering new purchases on the correction at strong levels, support (A) 77.56 – 77.21 and support (B) 75.81 – 75.29. The first upside target will be today’s high.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 77.56 – 77.21. TakeProfit: 81.00. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 75.81 – 75.29. TakeProfit: 81.00. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
Gold continues trading in the short-term uptrend. Last week, the gold price was testing support (A) 1792 – 1789. Today, the price is rising from this support, the main upside target is the high of December 21.
When the high of December 21 is reached, the price could break out Target Zone 1816 – 1807. If TZ is broken out and the price consolidates above, the next upside target will be the Gold Zone 1842 – 1839.
If support (A) is broken out, the correction will continue down to support (B) 1776 – 1771. One could enter purchases in support (B) too.
XAUUSD trading ideas for today:
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Hold up purchases entered in support (А) 1792 – 1789. TakeProfit: 1823. StopLoss: 1784.
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Buy according to the pattern at support (В) 1776 – 1771. TakeProfit: 1823. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The EURUSD uptrend continues. The upside target is the high of December 15, and the Target Zone 1.0773 – 1.0752.
Over the past two weeks, the traders have been trying to break out the trend key support 1.0577 – 1.0561, but the zone is held up. The market is rising today. I recommend holding long trades with the above-indicated targets.
It will be relevant to sell the euro when the price breaks out level 1.0561 and consolidates below. In this case, the downside target will be the lower Target Zone 1.0418 – 1.0386.
EURUSD trading ideas for today:
Hold up purchases entered at support (В) 1.0577 – 1.0561. TakeProfit: 1.0734. StopLoss: 1.0550.
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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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