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Short-term analysis for oil, gold, and EURUSD for 09.07.2021

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 Target Zone 1.1799 – 1.1781 was held by euro buyers, which caused correction.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Oil is correcting and approaching the border of the short-term downtrend 73.19. The task of traders who are following the trend is to look for oil sales in the zone of 73.19 – 72.62 according to the pattern with a target at yesterday’s low.

If the Intermediary Zone is broken out today, the trend will reverse up. From Monday next week, look for purchases with a target in the upper Target Zone 76.10 – 75.57.

USCrude trading ideas for today:

Sell according to the pattern in the zone of 73.19 – 72.62. TakeProfit: 70.30. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis 

After reaching the Gold Zone, major players decided to exit longs, and speculators took advantage of the situation in order to sell gold down to the border of the short-term uptrend of 1795 – 1793. As a result, the trend border was reached, which led to the opening of new purchases by major players.

Now the gold price is trading above the key support, which prompts traders to look for purchases according to the pattern with a target at yesterday’s high.

Gold sales are not relevant at the moment. To make them relevant, a breakout of level 1793 and price consolidation below are required. In this case, the target will be the lower Target Zone 1773 – 1768.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1795 – 1793. TakeProfit: 1818. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis 

The Target Zone 1.1799 – 1.1781 was held by euro buyers, which made major players exit sales and open speculative long trades. As a result, an upward impulse appeared yesterday, within which the euro prices approached the Intermediary Zone 1.1878 – 1.1869.

The Intermediary Zone together with level 1.1890 forms the trend key resistance zone. If the price reaches this zone, it will be profitable to look for new euro sales according to the pattern with the target at the July 7 low.

EURUSD trading ideas for today:

Sell according to the pattern in the zone of 1.1890 – 1.1869. TakeProfit: 1.1783. StopLoss: according to the pattern rules.


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Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

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Price chart of EURUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. 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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