Technical analysis of US Crude, XAUUSD, and EURUSD for today (29 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.

Traders are trying to reverse the XAUUSD short-term trend down.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil trend reversed down yesterday. As a result, the Intermediary Zone 109.82 – 109.22 was broken out. Then the traders reached the Target Zone 103.82 – 102.62. The TZ is being held by buyers, so don’t expect a further price decline yet.

If the price consolidates below level 102.62, then the next target for sales will be the Gold Zone 97.82 – 97.22.

At the moment the price is being corrected and the Additional Zone 104.89 – 104.63 is being tested. The AZ serves as a strong resistance level. Therefore, consider sales according to the pattern with a target at yesterday’s low.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 104.89 – 104.63. TakeProfit: 102.00. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 107.85 – 107.31. TakeProfit: 102.00. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Traders are trying to reverse the XAUUSD short-term trend down. If successful, the next target for sales will be the lower Target Zone 1894 – 1886. Otherwise, if the price returns to the key support of 1930, expect a pattern to form and go long with the target at March 24 high.

If the upper Target Zone 1974 – 1967 is broken out after this week’s trading, then the growth target will be the Gold Zone 2006 – 2003.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1930 – 1926. TakeProfit: 1967. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis  

After reaching the main sales target within a short-term downtrend, the euro price corrected in ​​the Additional Zone 1.0997 – 1.0992. The AZ serves as a strong resistance level on the way of price growth. Therefore, today I recommend looking for a sell pattern in order to update yesterday’s low.

If during the trading session the Additional Zone is broken out and the price consolidates higher, then the correction will continue with the target in the Intermediary Zone 1.1050 – 1.1040. The IZ serves as the border of a short-term downtrend. It is also possible to consider short trades in the beforementioned Intermediary Zone.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0997 – 1.0992. TakeProfit: 1.0945. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1.1050 – 1.1040. TakeProfit: 1.0945. 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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