Technical analysis of US Crude, XAUUSD, and EURUSD for today (25 May 2023)
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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.
Gold continues trading in the short-term downtrend.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Oil is trading up as of Thursday morning. The price broke out Target Zone 73.53 – 72.66 yesterday. The next upside target is the Gold Zone 75.85 – 75.56.
It is relevant to enter new purchases at support (А) 71.79 – 71.50 or support (В) 70.34 – 69.90. The first upside target is yesterday’s high.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 71.79 – 71.50. TakeProfit: 74.62. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 70.34 – 69.90. TakeProfit: 74.62. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Gold continues trading in the short-term downtrend. The gold traders are trying to break out the Target Zone 1956 – 1943. If they do, the next downside target will be the Gold Zone 1916 – 1912.
Otherwise, if the TZ is held up by the buyers, the price will be corrected up to the resistance zone of 1997 – 1993. After this zone is reached, one could enter new sell trades with a target at the low of May 18.
XAUUSD trading ideas for today:
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Sell according to the pattern at resistance (А) 1997 – 1993. TakeProfit: 1953. StopLoss: according to the pattern rules.
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Sell according to the pattern at resistance (В) 2020 – 2014. TakeProfit: 1953. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The EURUSD price is due to consolidated below Target Zone 1.0773 – 1.0741. If so, the short-term downtrend will continue with a target at the Gold Zone 1.0667 – 1.0657.
If the TZ is held up, the price will be corrected up to resistance (А) 1.0844 – 1.0834, where one could enter sell trades with a target at today’s low.
If resistance (A) is broken out, the price should reach the trend border 1.0903 – 1.0887. Once the trend border is tested by the price, one could also enter short trades in the zone.
EURUSD trading ideas for today:
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Sell according to the pattern at resistance (А) 1.0844 – 1.0834. TakeProfit: 1.0730. StopLoss: according to the pattern rules.
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Sell according to the pattern at resistance (В) 1.0903 – 1.0887. TakeProfit: 1.0730. 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.
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