Technical analysis of US Crude, XAUUSD, and EURUSD for today (5 April 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 trying to leave the zone of favorable buy prices 1913 – 1910.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, oil corrected in the short-term downtrend. As part of the correction, the key resistance zone of 102.80 – 102.26 was reached. The zone was held, so sales remain a priority today. To enter sales, look for a pattern. This requires the price to return below level 102.26.

The sales target will be April 1 low. If the Target Zone 96.93 – 95.86 is broken out downside and the price consolidates lower, the next target will be the Gold Zone.

Traders need to consolidate the price above level 102.80 in the American trading session to enter oil purchases. In this case, the trend will reverse up, and the upper Target Zone 108.71 – 107.64 will become the target for purchases.

USCrude trading ideas for today:

Sell according to the pattern in Intermediary Zone 102.80 – 102.26. TakeProfit: 96.93. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Gold is trying to leave the zone of favorable buy prices 1913 – 1910. If the price consolidates above level 1931, it will be possible to open long trades with a target in the upper Target Zone 1969 – 1962. After updating March 31 high, it will be possible to transfer purchases to breakeven.

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

XAUUSD trading ideas for today:

Open buy positions according to the pattern in the zone of 1931 – 1910. TakeProfit: 1949, Target Zone 1969 – 1962. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The euro price is declining within a short-term downtrend. Currently, the price is trying to consolidate below the Target Zone 1.0992 – 1.0973. If successful, the next target will be the Gold Zone 1.0896 – 1.0887.

Consider new euro sales on correction at strong resistance levels, Additional Zone 1.1013 – 1.1008 and Intermediary Zone 1.1066 – 1.1056. The latter serves as the trend’s border.

Euro purchases are currently unprofitable.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.1013 – 1.1008. TakeProfit: 1.0961. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1.1066 – 1.1056. TakeProfit: 1.0961. 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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