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 is trading in the sideways trend between the resistance level of 1745 and the support level of 1722.

The article covers the following subjects:


Oil price forecast for today: USCrude analysis

Last week, the Intermediary Zone 60.04 - 59.78 was broken out. Then the price corrected to the new trend's key support 58.76 - 58.51. The WTI oil price went up from the key support. Traders reached the resistance level of 61.22.

Thus, on Monday morning, oil is trading in a short-term uptrend, the target of which is the margin zone 62.84 - 62.33.

The border of the short-term uptrend is shifting to the levels 58.79 - 58.53. While the zone is being held, look for purchases.

LiteFinance: Technical analysis for US Crude, XAUUSD, and EURUSD today (29 March 2021) | Litefinance

USCrude trading ideas for today:

Open buy positions according to the pattern in 59.36 - 58.53. TakeProfit: 61.87. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Gold is trading in the sideways trend between the resistance level of 1745 and the support level of 1722. Now traders are trying to break out the flat's lower border. If they succeed, the price will move to the area around level 1700.

If the price does not break out the zone 1726 - 1722, it will rise to the flat's upper border. The breakout of level 1745 will lead to a test of level 1755. Consolidation of the price above level 1755 will allow traders to reach the Target Zone 1786 - 1776.

LiteFinance: Technical analysis for US Crude, XAUUSD, and EURUSD today (29 March 2021) | Litefinance

XAUUSD trading ideas for today:

  1. Open buy positions according to the pattern in 1726 - 1722. TakeProfit: 1745. StopLoss: according to the pattern rules.

  2. Sell when level 1722 is broken out. TakeProfit: 1700. StopLoss: beyond the local high.


Euro/Dollar forecast for today: EURUSD analysis 

Last week the Target Zone 1.1830 - 1.1814 was broken out. The next target within the short-term downtrend is the Gold Zone 1.1750 - 1.1742.

On Friday, the price corrected up to the Additional Zone 1.1806 - 1.1802. So far, this zone is the key resistance for today. If there is a sell signal in the zone, one could consider entering a short trade with the first target at 1.1763.

The breakout of the Additional Zone will allow prices to rise to the trend border 1.1850 - 1.1842. This will allow opening a long trade with a stop at 1.1778.

LiteFinance: Technical analysis for US Crude, XAUUSD, and EURUSD today (29 March 2021) | Litefinance

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.1806 - 1.1802. TakeProfit: 1.1763. StopLoss: according to the pattern rules.

  2. If the price breaks out Additional Zone 1.1806 - 1.1802, buy on retest. TakeProfit: Intermediary Zone 1.1850 - 1.1842. StopLoss: 1.1778.


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Price chart of XAUUSD in real time mode

Short-term analysis for oil, gold, and EURUSD for 29.03.2021

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