2023.06.13 2023.06.13
Short-term analysis for oil, gold, and EURUSD for 13.06.2023Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/
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 oil short-term trend turned down yesterday.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The oil short-term turned down yesterday, as the price broke out the trend key support 69.96 – 69.53. Now, the downside target is the lower Target Zone 65.61 – 64.74. I recommend entering short trades on the correction to resistance (А) 70.13 – 69.84 and resistance (В) 71.72 – 71.29. The first downside target is yesterday’s low
The trend will turn up and it will be relevant to buy when the price breaks out level of 71.72 and consolidates above.
USCrude trading ideas for today:
Sell according to the pattern at resistance (А) 70.13 – 69.84. TakeProfit: 67.00. StopLoss: according to the pattern rules.
Sell according to the pattern at resistance (В) 71.72 – 71.29. TakeProfit: 67.00. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Gold is trading in the short-term downtrend. The price is under resistance (А) 1978 – 1974. Last week, the gold price tested this resistance zone.
The first downside target is the low of May 30. The second sell target is the Gold Zone 1916 – 1912.
If the price breaks out resistance (A), it will go up to resistance (B) 2001 – 1995, which is the trend border, so one could also enter sell trades there.
XAUUSD trading ideas for today:
Hold down sell trades entered at resistance (А) 1978 – 1974. TakeProfit: 1932. StopLoss: 1984.
Euro/Dollar forecast for today: EURUSD analysis
Following the correction up in the short-term downtrend, the EURUSD reached resistance (В) 1.0810 – 1.0794. One could enter new sell trades in the second resistance zone with a target at a low of May 31. One should enter sell trades when there is a corresponding pattern.
If the price breaks out resistance (B) and the price closed above it at the US trading session, the short-term trend will turn up. If so, one could enter long trades starting from the next trading day; the upside target will be in the upper Target Zone 1.0984 – 1.0953.
EURUSD trading ideas for today:
Sell according to the pattern at resistance (В) 1.0810 – 1.0794. TakeProfit: 1.0637. StopLoss: according to the pattern rules.
P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂
Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.
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: https://t.me/litefinancebrokerchat. We are sharing the signals and trading experienceTelegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex
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.
Rate this article:
( {{count}} {{title}} )