Technical analysis of US Crude, XAUUSD, and EURUSD for today (1 June, 2022)


Hello, my fellow traders! Here’s my forecast for US Crude, XAUUSD, and EURUSD made using margin zones and classical technical analysis. Based on this analysis, I made a list of entry signals for intraday traders.

Gold’s price has reached today the key support of a short-term uptrend at 1833 – 1830.

The article covers the following subjects:

Oil Forecast for today: USCrude analysis

Oil quotes corrected yesterday to the key support of a short-term uptrend at 114.26 – 113.82. The zone was held, so today’s priority scenario is considering a long position. To go long, wait for a pattern. Yesterday’s high will be the buy target.

If the Intermediary Zone is broken out in today’s trading and the price consolidates below, the trend will reverse down. We will then consider starting tomorrow oil shorts with a target in the lower Target Zone of 109.88 – 109.01.

Trading plan for USCrude for today:

Buy according to the pattern from Intermediary Zone 114.26 – 113.82. TakeProfit: 118.53. StopLoss: according to pattern rules.

Gold forecast for today: XAUUSD analysis

Gold’s price has reached today the key support of a short-term uptrend at 1833 – 1830. So, search for a pattern to buy the asset with a target at 24 May’s high. If 24 May’s high is updated, the price will probably steady above the Target Zone 1865 – 1858. The next buying target will then be the Gold Zone 1898 – 1894.

If the trend reverses, we will sell gold with a target in the lower Target Zone 1797 – 1790. For that, sellers need to consolidate below level 1830 during today’s US session.

Trading plan for XAUUSD for today:

Buy according to the pattern from Intermediary Zone 1833 – 1830. TakeProfit: 1869. StopLoss: according to pattern rules.

Today’s forecast for the EURUSD: EURUSD analysis

The euro is trading up in the short term. The price corrected yesterday to the key support of the trend at 1.0697 – 1.0681. That zone was held. Today, we continue searching for a pattern to open euro longs with the first target at 30 May’s maximum and a second target in the Gold Zone 1.0839 – 1.0829.

To sell the euro, bears have to break level 1.0681 and consolidate below during the US trading session. We will then have a shift to a short-term downtrend and consider euro shorts with a target in the lower Target Zone 1.0594 – 1.0575.

Trading plan for EURUSD for today:

Buy according to the pattern from Intermediary Zone 1.0697 – 1.0681. TakeProfit: 1.0785. StopLoss: according to pattern rules.


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Price chart of XAUUSD 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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