I welcome my fellow traders! I have made a price forecast for 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.
Gold is testing the support (A) 3376 – 3368.
The article covers the following subjects:
Major Takeaways
USCrude: Oil has reversed its downtrend. Therefore, consider long trades on a correction with the main target at today’s high.XAUUSD: Gold is trading near the support (A) 3376 – 3368, maintaining a short-term uptrend.EURUSD: The euro is attempting to rise after hitting the support (A) within a short-term uptrend.
Oil Price Forecast for Today: USCrude Analysis
Oil has once again switched to a short-term uptrend and pierced the resistance (B) 72.15 – 71.76. Now, the bullish target is the upper Target Zone 76.45 – 75.67.
Consider long trades on a correction at the strong support (A) 70.79 – 70.49 and support (B) 69.28 – 68.83, with the main target at today’s high.
USCrude Trading Ideas for Today:
Buy near support (A) 70.79 – 70.49. TakeProfit: 72.14, 73.79. StopLoss: 69.88.
Gold Forecast for Today: XAUUSD Analysis
Gold is testing the support (A) 3376 – 3368 within the short-term uptrend. Consider long trades near this zone with the first target of 3409. If the asset breaches the 3409 level, the next bullish target will be the June 16 high near 3451.
If the price breaks through the support (A) today, the correction will continue to the support (B) 3338 – 3327, the short-term uptrend’s boundary. Therefore, long trades can be considered near this zone.
XAUUSD Trading Ideas for Today:
Hold up long trades opened at support (A) 3376 – 3368. TakeProfit: 3409, 3451. StopLoss: 3354.
Euro/Dollar Forecast for Today: EURUSD Analysis
Yesterday, the euro tested the support (A) 1.1495 – 1.1481 during a downward correction. Bulls have managed to keep the price above this zone.
Today, the price is increasing after hitting the support (A). If the asset pierces and settles above the 1.1556 level, the next bullish target will be the June high.
If the euro breaks through the support (A), the price may fall to the support (B) 1.1427 – 1.1407, the short-term uptrend’s boundary. Therefore, consider long trades near this zone.
EURUSD Trading Ideas for Today:
Watch the market.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂
Useful links:
I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.Use my promo code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.Telegram chat for traders: We are sharing the signals and trading experience.Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/litefinance
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 broker. 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 2014/65/EU.
According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
