Technical analysis for USCrude, XAUUSD, and EURUSD today (1 December 2023)


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 EURUSD reached support (В) 1.0891 – 1.0878 yesterday.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The oil price dropped at the US trading session yesterday and broke out support (А) 76.30 – 75.97. However, the short-term trend remains up. The price could go down to support (В) 74.65 – 74.15 today. When the price reaches support (B), one could enter new purchases with a target at yesterday’s high.

If support (B) is broken out, the short-term trend will turn down. If so, it will be relevant to sell starting from Monday with a target in the lower Target Zone 69.70 – 68.71.

USCrude trading ideas for today:

Buy according to the pattern at support (В) 74.65 – 74.15. TakeProfit: 79.50. StopLoss: according to the pattern rules.


Gold forecast for today: XAUUSD analysis

Gold is trading up in the short term. The gold traders are trying to break out Target Zone 2048 – 2036. If they do, the next upside target will be the Gold Zone 2079 – 2075.

If the sellers hold down the TZ, the price should be corrected down. If so, the market will go down to support (А) 2012 – 2009. If the price breaks out support (A), it will go down to support (В) 1993 – 1987. One could enter buy trades in the support zones with a target at the high of November 29.

XAUUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 2012 – 2009. TakeProfit: 2051. StopLoss: according to the pattern rules.

  2. Buy according to the pattern at support (В) 1993 – 1987. TakeProfit: 2051. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The EURUSD reached support (В) 1.0891 – 1.0878 yesterday. This is the key support of the short-term uptrend, and one could enter new purchases there with a target at the high of November 29. If the price exceeds the indicated high, the next upside target will be Target Zone 3, 1.1089 – 1.1072.

If the price breaks out support (В) 1.0891 – 1.0878 and consolidates below, the short-term trend will turn down. If so, it will be relevant to sell starting from the next trading day with a target in the lower Target Zone 1.0765 – 1.0740. 

EURUSD trading ideas for today:

Buy according to the pattern at support (В) 1.0891 – 1.0878. TakeProfit: 1.1015. StopLoss: according to the pattern rules.


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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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منبع: https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-01122023/

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