Technical analysis of US Crude, XAUUSD, and EURUSD for today (30 November 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 gold price is trading in the 1769 – 1750 resistance zone.

The article covers the following topics:

Oil price forecast for today: USCrude analysis

The oil price tested the resistance 79.83 – 79.27 of the imminent decline. The zone has been held down, so it is important to sell today. To enter new sell trades, one must find a reversal pattern and open a short position with a target at the November 28 low.

An alternative scenario suggests that the price breaks out level 79.83 and consolidates above at the US session. If so, the trend will emerge, and it will be important to buy; the upper target will be the upper Target Zone 86.02 – 84.89.

USCrude business ideas for today:

Sell ​​according to the pattern at resistance (В) 79.83 – 79.27. TakeProfit: 73.75. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The gold price is trading in the resistance zone 1769 – 1750, where one could enter short trades in the short-term decline. When there is a sell pattern, one should open a short position with a target at the November 23 low. The most important downside target is the lower Target Zone 1701 – 1692.

The trend will emerge, and it will be important to buy if the price breaks out level 1769 above. The buying target will be the upper Target Zone 1816 – 1807.

XAUUSD business ideas for today:

Sell ​​according to the pattern in the zone of 1769 – 1750. TakeProfit: 1723. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

Yesterday, traders tried to break out of the limit of the euro’s short-term uptrend, zone 1.0337 – 1.0321. The zone has been held, and it is important to buy today.

The first upper target is the high of November 28. The second buying target is Target Zone 1.0572 – 1.0540. Enter a long trade in a corresponding pattern.

It will be important to sell the EURUSD if the price breaks out level 1.0321 and consolidates below. If so, the near-term trend will be down, and one could consider entering sell trades with a target at the lower Target Zone 1.0178 – 1.0146.

EURUSD business ideas for today:

Buy the pattern at support (В) 1.0337 – 1.0321. TakeProfit: 1.0494. StopLoss: according to the pattern rules.


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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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