Technical analysis of US Crude, XAUUSD, and EURUSD for today (4 October 2022)

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I welcome my fellow traders! I made a price forecast for US crude, XAUUSD and EURUSD using a combination of marginal zone methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

The short-term gold trend continued yesterday.

The article covers the following topics:

Oil price forecast for today: USCrude analysis

The short-term oil uptrend continued yesterday. As a result, the September 29 high was updated. The next target for purchases is the upper Target Zone 85.32 – 84.48.

Yesterday, the Additional Zone 81.91 – 81.70 was tested. The zone was held by buyers, so the probability of yesterday’s high update is quite high.

Today look for long oil trades on corrections. Enter buys if there is a corresponding pattern on the chart. The first target for purchases will be yesterday’s high.

USCrude business ideas for today:

  1. Buy the pattern in Additional Zone 81.91 – 81.70. TakeProfit: 83.97. StopLoss: according to the pattern rules.

  2. Buy the pattern in Intermediate Zone 79.79 – 79.37. TakeProfit: 83.97. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The short-term gold trend continued yesterday. As a result, the September 30 high was upgraded, and the 1677 – 1671 Target Zone was broken.

As a result, traders reached the Golden Zone 1703 – 1700. The zone has not yet exploded, so do not expect further growth. However, it is possible to consider purchases on a correction at strong support levels, Additional Zone 1688 – 1686 and Intermediate Zone 1674 – 1671. The IZ acts as the limit of a short-term uptrend.

If during today’s trading the Gold Zone breaks out and the price closes higher in the US trading session, the next target for purchases will be Target Zone 2, 1734 – 1728.

XAUUSD business ideas for today:

  1. Buy according to the pattern in Additional Zone 1688 – 1686. TakeProfit: 1702. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 1674 – 1671. TakeProfit: 1702. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The imminent euro rise continues. The main upside target is the September 30 high, which is in the Gold Zone 0.9864 – 0.9853. If this high is upgraded, it will be possible to explode the Golden Zone.

If the Gold Zone is broken and the price closes higher in the US trading session, the next target for purchases will be Target Zone 2, 0.9981 – 0.9959.

Today it is profitable to hold long trades entered in the Intermediate Zone 0.9747 – 0.9737. If the IZ is broken down, the short term trend will reverse down. In this case, from the next trading day, switch to euro sales with the target in the lower Target Zone 0.9641 – 0.9620.

EURUSD business ideas for today:

Hold buy trades entered in Intermediate Zone 0.9747 – 0.9737. TakeProfit: 0.9853. StopLoss: at the break.


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XAUUSD price chart in real time mode

The content of this article reflects the opinion of the author and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for information 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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