Technical analysis for USCrude, XAUUSD, and EURUSD today (30 October 2023)

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I welcome my fellow traders! I have made a price forecast for the USCrude, 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 shorts entered at resistance (А) 85.50 – 85.17 yielded profits.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

 The oil shorts entered at resistance (А) 85.50 – 85.17 yielded profits yesterday. As a result, the low of October 25 was broken through. The short-term trend remains down. Now, the downside target is the lower Target Zone 79.71 – 78.72. 

It is profitable to enter new shorts on the corrections to resistance (А) 85.14 – 84.81 and resistance (В) 86.95 – 86.46. The first downside target will be yesterday’s low. 

USCrude trading ideas for today:

  1. Sell according to the pattern at resistance (А) 85.14 – 84.81. TakeProfit: 81.60. StopLoss: according to the pattern rules.

  2. Sell according to the pattern at resistance (В) 86.95 – 86.46. TakeProfit: 81.60. StopLoss: according to the pattern rules.


Gold forecast for today: XAUUSD analysis

The gold market reached Target Zone 2, 2017 – 2009 last Friday in the short-term uptrend. When TZ 2 was reached, the market started a correction. The price reached the support zone of 1989 – 1987. The zone has not been broken out, and one could enter buy trades there with a target at the high of October 27.

If the support zone of 1989 – 1987 is broken out, the price will go down to support (А) 1970 – 1966, where it is also relevant to buy.

XAUUSD trading ideas for today:

  1. Buy according to the pattern at support 1989 – 1987. TakeProfit: 2009. StopLoss: according to the pattern rules.

  2. Buy according to the pattern at support (А) 1970 – 1966. TakeProfit: 2009. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The EURUSD short-term uptrend continues. The price went above the high of October 27 yesterday. The short-term trend went on, and there emerged a buy pattern. One could enter new purchases on the correction today with a target at the high of October 24. If the indicated high is broken through, the next upside target will be Target Zone 1.0765 – 1.0736.

If the price breaks out support (В) 1.0550 – 1.0535, the short-term trend will turn down. If so, it will be relevant to sell starting from the next trading day with a target in the lower Target Zone 1.0406 – 1.0377.

EURUSD trading ideas for today:

Hold up purchases/ buy according to the pattern in support (В) 1.0550 – 1.0535. TakeProfit: 1.0690. 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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