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, oil reached the upper Target Zone 82.34 – 81.35.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Yesterday, oil reached the upper Target Zone 82.34 – 81.35. Today, the price is trading in this strong resistance zone. If traders manage to break out the TZ and consolidate the price higher, the next growth target will be the Gold Zone 84.98 – 84.65.
Since the trend remains upward, it is profitable to look for purchases. Consider purchases on correction at strong levels, support (A) 79.15 – 78.82 and support (B) 77.50 – 77.00. Yesterday’s high will serve as a purchase target.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 79.15 – 78.82. TakeProfit: 82.35. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 77.50 – 77.00. TakeProfit: 82.35. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Gold continues to trade in correction to the short-term uptrend. Yesterday, traders tested support (A) 2151 – 2146. They failed to break out the zone, but there is no buy pattern at the moment. Today, expect either the formation of a buy pattern or a breakout of support (A). If a pattern appears, open a long trade with the target at March 8 high. If support (A) is broken out, expect a continuation of the correction to support (B) 2129 – 2122.
XAUUSD trading ideas for today:
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Buy according to the pattern at support (А) 2151 – 2146. TakeProfit: 2193. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 2129 – 2122. TakeProfit: 2193. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The euro continues to decline as part of the correction to the short-term uptrend. Yesterday, traders broke out support (A) 1.0897 – 1.0888 and consolidated the price lower. Today, the price is approaching the next support (B) 1.0855 – 1.0842. This zone serves as the trend border. After reaching this zone, consider long trades according to the pattern with a target at March 8 high.
If support (B) is broken out, the short-term trend will reverse down. In this case, the sales target will be the lower Target Zone 1.0729 – 1.0704.
EURUSD trading ideas for today:
Buy according to the pattern at support (В) 1.0855 – 1.0842. TakeProfit: 1.0979. StopLoss: according to the pattern rules.
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Price chart of USCRUDE 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.
منبع: https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-19032024/
