Technical analysis of US Crude, XAUUSD, and EURUSD for today (18 March 2022)


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.

The short-term gold trend reversed up.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil trend reversed up. As a result, the Target Zone 105.80 – 104 60 was reached. The TZ breakout upside and consolidation above will allow the price to rise to the Gold Zone 111.20 – 110.60.

If the Target Zone is not broken out, then the price will go into correction with the target in the Intermediary Zone 98.49 – 97.89. After reaching the IZ, look for purchases according to the pattern with the target at today’s high.

To enter sales and reverse the trend, traders need to consolidate the price below level 97.89 at the American trading session.

USCrude trading ideas for today:

Buy according to the pattern in Intermediary Zone 98.49 – 97.89. TakeProfit: 104.60. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The short-term gold trend reversed up. Yesterday, the price closed above the Intermediary Zone 1934 – 1931 at the American trading session. Today, it is profitable to look for gold purchases with the first target around 1949 high and the second target in the upper Target Zone 1974 – 1967.

At the moment, traders are testing the Additional Zone 1931 – 1930 which serves as a strong support. I recommend looking for purchases in the AZ according to the pattern with the targets outlined above.

If the AZ is broken out during trading, the correction will continue with the target in the Intermediary Zone 1913 – 1910. After reaching the IZ, start looking for purchases.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1931 – 1930. TakeProfit: 1949, Target Zone 1974 – 1967. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 1913 – 1910. TakeProfit: 1949, Target Zone 1974 – 1967. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis  

Yesterday, the EURUSD reached the upper Target Zone 1.1111 – 1.1092. The zone was not broken out. As a result, a correction and a test of the Additional Zone 1.1089 – 1.1084 occurred. The AZ serves as a strong support today. It is possible to search for purchases in the beforementioned AZ according to the pattern with the target at yesterday’s high.

At the moment, traders are trying to break out the Additional Zone. If successful, then the correction will continue with the target in the Intermediary Zone 1.1041 – 1.1031. The IZ serves as the border of a short-term uptrend. After reaching it, look for long trades with the target at yesterday’s high.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.1089 – 1.1084. TakeProfit: 1.1134. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 1.1041 – 1.1031. TakeProfit: 1.1134. StopLoss: according to the 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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