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Technical analysis for US Crude, XAUUSD, and EURUSD today (28 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.

The oil year high has been updated.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The oil price continues to rise within a short-term uptrend. Today the year high was updated and the Gold Zone 2 75.12 – 74.87 was broken out. The next growth target is Target Zone 3 77.93 – 77.42.

Look for new gold purchases on correction at strong supports: Additional Zone 75.22 – 75.10 and Intermediary Zone 73.95 – 73.69. The latter serves as the trend key support.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 75.22 – 75.10. TakeProfit: 76.35. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 73.95 – 73.69. TakeProfit: 76.35. StopLoss: according to the pattern rules.

Gold price forecast for today: XAUUSD analysis

The gold short-term downtrend continues. Last week, traders tested the trend’s key resistance Intermediary Zone 1760 – 1758. The zone was held and the decline continued.

Now sellers are testing the Target Zone 1746 – 1741. If it is broken out downside, then with a high degree of probability the decline will continue, and the target will be the Gold Zone 1725 – 1723.

Today it makes sense to set a take profit at current prices and watch the further development of the situation.

XAUUSD trading ideas for today:

Watch the market.

Euro/Dollar forecast for today: EURUSD analysis 

The euro continues to decline against the US dollar like all other major currencies. The dollar strengthening trend against the background of hawkish statements by the Fed representatives is obvious. Today Jerome Powell will give a speech in which he will try to reassure investors about the rising inflation and hint at the withdrawal of the bond buying program.

Meanwhile, the euro is breaking out the support level of 1.1687 and is heading towards the Gold Zone 1.1645 – 1.1636. It is reasonable to consider new euro sales on correction at strong resistances: Additional Zone 1.1722 – 1.1717 and level 1.1749. Level 1.1749 serves as the trend’s key resistance.

EURUSD trading ideas for today:

Sell according to the pattern in Additional Zone 1.1722 – 1.1717. TakeProfit: 1.1676. 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 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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