Short-term forecast for oil, gold, and EURUSD

Short-term forecast for oil, gold, and EURUSD

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.

Oil price forecast for today: USCrude analysis

Euro was corrected down to the medium-term uptrend key support zone [1.2165 – 1.2146]. This week, enter purchases according to the pattern with the target at the high of January.

Gold price forecast for today: XAUUSD analysis

Oil price forecast for today: USCrude analysis

Oil is trading in the medium-term chart without changes. The medium-term uptrend continues. The target is Target Zone 4 [54.72 – 54.21]. Enter purchases on the correction in the zone [49.62 – 47.75].

USCrude trading ideas for today:

Hold up buy trades entered in Additional Zone [51.59 – 51.48]. TakeProfit: 52.68. StopLoss: at breakeven.

Buy according to the pattern in Intermediary Zone [50.46 – 50.24]. TakeProfit: 52.68. StopLoss: according to the pattern rules.

Gold price forecast for today: XAUUSD analysis

In the first week of the new year, the gold medium-term trend reversed up. Target Zone 2 [2005.8 – 1994.3] is the target for purchases.

At the end of last week, the price was corrected down to the zone of the trend key support [1859.2 – 1849.2]. The price didn’t break out the zone. The trend border can be drawn at the level of 1816.9.

While the supports are being held, I suggest looking for gold purchases according to the pattern.

The short-term trend is down. Within this trend, the lower Target Zone [1859.2 – 1849.2] has been reached. The traders failed to break it out.

Now the price is being corrected and approaching the trend line [1872.1 – 1867.1]. Wait for the test of the level and watch the bears’ reaction. When a pattern appears, sell the metal with a target at the January low.

If the IZ is broken out, the short-term trend will reverse up. Enter purchases with a target in the upper Target Zone [1927.1 – 1917.1].

XAUUSD trading ideas for today:

Open medium-term buy positions according to the pattern [1859.2 – 1816.9]. TakeProfit: Target Zone 2 [2005.8 – 1994.3]. StopLoss: according to the pattern rules.

Euro/Dollar forecast for today: EURUSD analysis

Euro was corrected down to the medium-term uptrend key support zone [1.2165 – 1.2146]. This week, enter purchases according to the pattern with the target at the high of January.

As part of the short-term fall, we observe the Target Zone test [1.2165 – 1.2146]. The zone has not been broken out, and it is too early to expect the further price fall.

Wait for the correction to get new favorable sell prices. Additional Zone [1.2183 – 1.2178] and Intermediary Zone [1.2233 – 1.2224] are strong resistances today.

After the resistance test, wait for a sell pattern and sell the euro with a target at the week’s low.

EURUSD trading ideas for today:

Sell according to the pattern in Additional Zone [1.2183 – 1.2178]. TakeProfit: 1.2134. StopLoss: according to the pattern rules.

Sell according to the pattern in Intermediary Zone [1.2233 – 1.2224]. TakeProfit: 1.2134. StopLoss: according to the pattern rules.

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