Technical analysis for US Crude, XAUUSD, and EURUSD today (27 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.
Gold went into correction and reached the Intermediary Zone 1760 – 1758.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Oil trades opened with a gap and the price immediately hit the next target within a short-term uptrend: the Gold Zone 75.12 – 74.87. This zone slows down further price growth and serves as a strong resistance level.
Today, wait for the price correction and the closing of the gap. The gap will be closed in the Additional Zone 73.90 – 73.77. After reaching this zone, it will be possible to search for new purchases with a target at the day’s high.
The trend key support is shifting to the zone of 72.63 – 72.37.
USCrude trading ideas for today:
Buy according to the pattern in Additional Zone 73.90 – 73.77. TakeProfit: 75.12. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
Gold went into correction and reached the Intermediary Zone 1760 – 1758. The Intermediary Zone serves as the short-term downtrend’s key resistance. If the price does not break out the IZ, then the price is likely to retest the Target Zone 1746 – 1741. Thus, today it is profitable to look for sales in the resistance zone.
If the Intermediary Zone is broken out and the price closes higher at the US session, then the short-term trend will reverse up. In this case, start searching for gold purchases. The target for purchases will be the upper Target Zone 1783 – 1779.
XAUUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1760 – 1758. TakeProfit: Target Zone 1746 – 1741. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
Last week on Thursday and Friday, traders were trying to break out the short-term downtrend’s key resistance 1.1744, but unsuccessful. On Friday, the price moved away from the level of 1.1744 and returned to the Additional Zone 1.1732 – 1.1727.
The chart shows the development of the accumulation zone, while the traders are preparing for a further fall. In this regard, I propose to consider entering sales at current prices 1.1725 – 1.1715 with the first target at level 1.1687.
To enter euro purchases, the price must be consolidated above the level of 1.1744.
EURUSD trading ideas for today:
Sell according to the pattern in the zone of 1.1725 – 1.1715. TakeProfit: 1.1687. StopLoss: 1.1735.
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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 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.