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Technical analysis for US Crude, XAUUSD, and EURUSD today (30 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, the short-term euro downtrend continued.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

On Thursday morning, the short-term oil uptrend continues. Yesterday, the traders tested the key support of the trend, Intermediary Zone 73.95 – 73.69, but unsuccessfully. Today expect a pattern to buy oil with the target at level 76.41.

An alternative scenario suggests a breakout of the Intermediary Zone and price consolidation below. In this case, the short-term trend will reverse down, so start selling oil in the lower Target Zone 71.40 – 70.89.

USCrude trading ideas for today:

Buy according to the pattern in Intermediary Zone 73.95 – 73.69. TakeProfit: 76.41. StopLoss: according to the pattern rules.

Gold price forecast for today: XAUUSD analysis

Yesterday, gold sellers reached the Gold Zone 1725 – 1723. For a further fall, traders need to break out the GZ and consolidate the price below. In this case, the next target will be Target Zone 2 1704 – 1700.

Today, as part of the correction, the Additional Zone 1733 – 1731, which serves as a strong resistance, was tested. Look for sales in the AZ according to the take-profit pattern at the yesterday’s low.

To enter purchases, traders need to break out the Additional Zone. This will allow considering a long trade with a target in the Intermediary Zone 1744 – 1742.

XAUUSD trading ideas for today:

Sell according to the pattern in Additional Zone 1733 – 1731. TakeProfit: 1723. StopLoss: according to the pattern rules.

Euro/Dollar forecast for today: EURUSD analysis 

Yesterday, the short-term euro downtrend continued. As a result, the Gold Zone 1.1645 – 1.1636 was reached and broken out. The next target for sales is Target Zone 2 1.1557 – 1.1539.

Taking into account the general overbought of the US dollar, today expect a euro correction and a test of the nearest resistance level which is the Additional Zone 1.1638 – 1.1633. After the AZ test, look at the traders’ reaction. If a sell pattern is formed, then sell the euro with a target at yesterday’s low.

If the Additional Zone is broken out by a strong upward impulse, then consider purchases up to the Intermediary Zone 1.1686 – 1.1677. Level 1.1687 serves as the border of the short-term downtrend.

EURUSD trading ideas for today:

Sell according to the pattern in Additional Zone 1.1638 – 1.1633. TakeProfit: 1.1592. 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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