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Technical analysis of US Crude, XAUUSD, and EURUSD for today (9 June 2022)

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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 buyers broke out the upper Target Zone 119.53 – 118.66.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, buyers broke out the upper Target Zone 119.53 – 118.66. The next buy target is the Gold Zone 123.47 – 123.03. The price is currently correcting. The test of the Additional Zone 119.24 – 119.03 serves as a possible correction target.

After testing the Additional Zone, consider new oil purchases according to the pattern with a target at yesterday’s high. If the AZ is broken out downside, the correction will continue with the target in the Intermediary Zone 117.15 – 116.73. The IZ serves as the border of a short-term uptrend. After testing it, also look for purchases.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 119.24 – 119.03. TakeProfit: 121.26. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 117.15 – 116.73. TakeProfit: 121.26. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The gold is not in a hurry to rise. After testing the key support of 1838 – 1828, the price rose but didn’t update June 3 high. However, the short-term gold uptrend continues, so when the price re-enters the zone of 1838 – 1828, look for new purchases.

To enter sales, traders need to break out level 1828 downside and consolidate the price beyond it. In this case, the short-term trend will reverse down, so consider sales with a target in the lower Target Zone 1802 – 1794.

XAUUSD trading ideas for today:

Open buy positions according to the pattern in 1838 – 1828. TakeProfit: 1873. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The short-term euro uptrend continues. The growth target is June 3 high. After its update, the next target for purchases will be the upper Target Zone 1.0837 – 1.0818. Yesterday a buy pattern “1-2-3” was formed. Today, open long trades with the targets indicated above within the “1-2-3” pattern.

If during trading, the Intermediary Zone 1.0668 – 1.0658 is broken out downside and the price closes lower in the American session, the short-term trend will reverse down. In this case, sell the euro. The target for sales will be the lower Target Zone 1.0572 – 1.0553.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1.0668 – 1.0658. TakeProfit: 1.0763, Target Zone 1.0837 – 1.0818. StopLoss: according to the pattern rules.


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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 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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