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Technical analysis for US Crude, XAUUSD, and EURUSD today (17 September 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.

Yesterday, oil was trading in correction. The pattern “Micro-zone – Additional Zone” yielded profits.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, oil was trading in correction. The pattern “Micro-zone – Additional Zone” yielded profits. The test of the Additional Zone 71.60 – 71.47 led to a price rise and a retest of the resistance at 72.85 – 72.32. As long as this resistance is being held, there is no talk of a further price rise.

The task of traders for today is to look for a buy pattern in the Additional Zone with a target at level 72.67.

If the Additional Zone is broken out and the price consolidates lower, then the price will go into a deeper correction with the target in the Intermediary Zone 70.32 – 70.07.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 71.60 – 71.47. TakeProfit: 72.67. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 70.32 – 70.07. TakeProfit: 72.67. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Yesterday, gold broke out not only the Target Zone 1792 – 1788, but also the Gold Zone 1772 – 1770. As a result, prices reached the Target Zone 2 1751 – 1747 within a short-term downtrend.

Now the gold price is correcting to yesterday’s fall and is approaching the Intermediary Zone 1768 – 1765. The Intermediary Zone serves as the border of the trend. First of all, after its test, look for a pattern to sell gold with a target in the Target Zone 2.

To enter purchases and reverse the trend, traders need to break out the Intermediary Zone and consolidate the price higher. In this case, the target for purchases will be the upper Target Zone 1790 – 1786.

XAUUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1768 – 1765. TakeProfit: Target Zone 2 1751 – 1747. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis 

The short-term euro downtrend yielded profits. As a result, the first target for sales in the zone of 1.1867 – 1.1812 was reached. The second target of the trend is the Target Zone 1.1733 – 1.1715.

Since the support level 1.1774 was broken out downside, it now serves as a resistance. At the moment, the price is testing this level upside. If resistance is held, the decline will continue with the target in the Target Zone.

If level 1.1742 is broken out upside, then the price will reach the Additional Zone 1.1799 – 1.1794 which serves as the next resistance level.

EURUSD trading ideas for today:

  1. Sell according to the pattern in the level of 1.1774. TakeProfit: Target Zone 1.1733 – 1.1715. StopLoss: according to the pattern rules.

  2. Buy when level 1.1774 is broken out. TakeProfit: Additional Zone 1.1799 – 1.1794. StopLoss: 1.1765.


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.
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  • Telegram chat for traders: https://t.me/liteforexengchat. 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/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 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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