Technical analysis of US Crude, XAUUSD, and EURUSD for today (23 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.

Gold is in no hurry to grow and continue the short-term uptrend.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil uptrend continues. Yesterday’s high serves as the uptrend’s growth target. In case of an update of yesterday’s high, the second target will be the Target Zone 2 117.80 – 116.60.

At the moment, traders are trying to break out the Gold Zone 111.20 – 110.60. If they do not succeed, then a retest of the key support 106.85 – 106.25 with a possible breakout will follow.

There is no pattern for oil purchases on the chart. To enter sales, it is required to break out level 106.25 downside. Based on this, continue to monitor the situation.

USCrude trading ideas for today:

Buy according to the pattern in Intermediary Zone 106.85 – 106.25. TakeProfit: 112.77. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Gold is in no hurry to grow and continue the short-term uptrend with the target in the Target Zone 1974 – 1967. Now the price is trading slightly above the trend key support of 1913 – 1910. To enter purchases look for a corresponding pattern.

To enter gold sales, traders need to break out level 1910 and consolidate the price below. In this case, the short-term trend will reverse down, so look for sales with a target in the lower Target Zone 1877 – 1870.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1913 – 1910. TakeProfit: 1949. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis  

Yesterday, the sellers tried to reach the lower Target Zone as part of a short-term downtrend, but it didn’t work out the first time. As a result, at the close of the American trading session, a correction developed and the zone of ​​favorable sell prices 1.1040 – 1.1020 was tested.

According to yesterday’s trading recommendations, traders can open short EURUSD trades. In this case, it makes sense to hold sales in the zone of 1.1031 – 1.1020 with the first target at yesterday’s low and with the second target in the Target Zone 1.0945 – 1.0926.

The price growth and consolidation above level 1.1066 will be the reasons for the cancellation of sales. In this case, the short-term trend will reverse up, so look for purchases. The target for purchases will be the upper Target Zone 1.1172 – 1.1153.

EURUSD trading ideas for today:

Hold down sales entered in the zone of 1.1031 – 1.1020. TakeProfit: 1.0980, Target Zone 1.0945 – 1.0926. StopLoss: 1.1054.


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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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