Technical analysis of US Crude, XAUUSD, and EURUSD for today (19 August 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 downtrend continued yesterday.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, traders tested the key resistance of the short-term downtrend 90.10 – 89.67. The resistance was held and the short-term downtrend continued. Today, searching for oil sales according to the pattern with a target at August 16 low is a matter of higher importance.

To enter purchases, traders need to break out yesterday’s high and consolidate the price higher. In this case, the Intermediary Zone will be broken out, and the short-term trend will reverse up. The target for purchases will be the upper Target Zone 94.83 – 93.97.

USCrude trading ideas for today:

Sell according to the pattern in Intermediary Zone 90.10 – 89.67. TakeProfit: 85.46. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The short-term gold downtrend continued yesterday. The main target for sales is the lower Target Zone 1742 – 1736. Consider sales on correction in strong resistance levels.

The new Intermediary Zone 1787 – 1784 serves as the key resistance level. Enter sales in this zone according to the pattern. Focus on today’s low as the first target for sales.

I do not recommend entering gold purchases against the trend.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1769 – 1768. TakeProfit: 1752. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1787 – 1784. TakeProfit: 1752. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

Yesterday, the euro broke out the Target Zone 1.0156 – 1.0135. The next target for sales is the Gold Zone 1.0050 – 1.0040. The short-term trend remains down.

Consider new sales on correction at strong levels, Additional Zone 1.0128 – 1.0122 and Intermediary Zone 1.0186 – 1.0175. The latter serves as the trend’s border. As long as the price is trading below the IZ, it is profitable to look for short trades. Focus on today’s low as the first target for taking profit.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0128 – 1.0122. TakeProfit: 1.0071. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1.0186 – 1.0175. TakeProfit: 1.0071. 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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