Short-Term Analysis for Oil, Gold, and EURUSD for 16.06.2025
by Alex Rodionov, reviewed by Jana Kane
I welcome my fellow traders! I have made a price forecast for USCrude, 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.
Last week, the euro tested the support (A) during a correction.
Major Takeaways
- USCrude: On Friday, oil reached all the bullish targets for trades opened at the support (B) 70.17 - 69.72.
- XAUUSD: Gold has been trading in a downward correction since the market opened on Monday.
- EURUSD: The euro is rising. The price has reached its first bullish target near 1.1556.
- USCrude: On Friday, oil reached all the bullish targets for trades opened at the support (B) 70.17 - 69.72.
- XAUUSD: Gold has been trading in a downward correction since the market opened on Monday.
- EURUSD: The euro is rising. The price has reached its first bullish target near 1.1556.
Oil Price Forecast for Today: USCrude Analysis
On Friday, oil tested the support (B) 70.17 - 69.72. Traders were able to open long trades near this zone. Some of these trades were locked in at the first target of 72.20. The rest of the positions were closed at the breakeven level.
On Friday, oil tested the support (B) 70.17 - 69.72. Traders were able to open long trades near this zone. Some of these trades were locked in at the first target of 72.20. The rest of the positions were closed at the breakeven level.
Today, oil tried to continue trading in a short-term uptrend. However, the price has remained below the Target Zone 73.74 - 73.22. Currently, the asset is trading in a correction. If the price tests the support (B) again during the correction, one may consider long trades again once a reversal pattern forms.
USCrude Trading Ideas for Today:
Watch the market.
Watch the market.
Gold Forecast for Today: XAUUSD Analysis
Gold started to drop when trading opened on Monday. This decline is just a correction. If the price hits the support (A) 3376 - 3368 during this correction, one may consider long trades with the first target of 3409 and the second one near 3451.
Gold started to drop when trading opened on Monday. This decline is just a correction. If the price hits the support (A) 3376 - 3368 during this correction, one may consider long trades with the first target of 3409 and the second one near 3451.
If gold breaks through this support today, the correction may continue to the support 3338 - 3327, the short-term uptrend's boundary. Therefore, consider long trades near this zone.
Publication date:
