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.
The gold price is testing resistance (?) 1930 – 1926.
The article covers the following subjects:
Oil price forecast for today: USCrude analysisGold forecast for today: XAUUSD analysisEuro/Dollar forecast for today: EURUSD analysis
Oil price forecast for today: USCrude analysis
The oil price is rising, and it broke out the local resistance of 90.44 – 90.11 yesterday. The next upside target is the Target Zone 94.07 – 93.41. When the TZ is reached, a descending correction could start.
If the correction starts from the current levels, the price will reach support (?) 87.98 – 87.65. One could enter new purchases in the support zone with the first target at yesterday’s high.
The trend key support is in the zone of 86.33 – 85.84.
USCrude trading ideas for today:
Buy according to the pattern at support (?) 87.98 – 87.65. TakeProfit: 91.20. StopLoss: according to the pattern rules.
Buy according to the pattern at support (?) 86.33 – 85.84. TakeProfit: 91.20. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
The gold price is testing resistance (?) 1930 – 1926. The gold price broke out the zone and could consolidate above today. If the price consolidates above the first resistance, the ascending correction will continue up to resistance (?) 1953 – 1947, where one could enter sell trades with a target at 1905.
If the price rolls down below resistance (A), there will be a sell pattern, according to which one could sell with the target at 1905 ? 1885.
It will be relevant to buy when the price breaks out level 1953 and consolidates above.
XAUUSD trading ideas for today:
Sell according to the pattern in resistance (?) 1930 – 1926. TakeProfit: 1905. StopLoss: according to the pattern rules.
Sell according to the pattern in resistance (?) 1953 – 1947. TakeProfit: 1905. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The EURUSD continues being corrected up ahead of the Fed’s interest rate decision that will be announced on Wednesday. The correction target is resistance (?) 1.0737 – 1.0727. When this zone is tested by the price, I suggest entering short trades with a target at the low of September 14.
If resistance (A) is broken out, the correction will continue up to resistance (?) 1.0790 – 1.9775, where one could also enter shorts, as it is the trend border.
EURUSD trading ideas for today:
Sell according to the pattern in resistance (?) 1.0737 – 1.0727. TakeProfit: 1.0635. StopLoss: according to the pattern rules.
Sell according to the pattern in resistance (?) 1.0790 – 1.0775. TakeProfit: 1.0635. StopLoss: according to the pattern rules.
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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.
