Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (June 6, 2025)
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.
The euro continued to trade in a short-term uptrend yesterday.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is retreating after hitting the upper Target Zone 63.61 – 62.83. Thus, consider closing long trades.
- Gold: Gold is trying to break through the upper Target Zone 3368 – 3345.
- EURUSD: Yesterday, the euro reached the Target Zone 1.1514 – 1.1473.
Oil Price Forecast for Today: USCrude Analysis
Oil quotes remain largely unchanged. The price is trading below the Target Zone 63.61 – 62.83 within the uptrend. The asset is trying to pierce the Target Zone, the trend resistance, from below. The price should exceed the May 21 high and climb further to breach this zone. If so, the next bullish target will be the Gold Zone 65.70 – 65.44. Otherwise, a correction may start, dragging the price to the key support 59.51 – 59.06.
Consider closing your long trades at current prices.
USCrude Trading Ideas for Today:
Watch the market.
Gold Forecast for Today: XAUUSD Analysis
Gold continues to trade in a short-term uptrend. Yesterday, the price tried to settle above the upper Target Zone 3368 – 3345. However, the quotes returned to this resistance level in the US trading session. To continue rising, the asset needs to consolidate above the 3368 level. In this case, the Gold Zone 3428 – 3420 will become a bullish target.
If the price fails to settle above the Target Zone, a correction may begin, pushing the quotes down to the support (A) 3328 – 3321. Once this zone is tested, consider long trades with the first target of 3362 and the second one near 3403.
XAUUSD Trading Ideas for Today:
Buy near support (A) 3328 – 3321. TakeProfit: 3362, 3403. StopLoss: 3306.
Euro/Dollar Forecast for Today: EURUSD Analysis
Yesterday, the euro reached the upper Target Zone 1.1514 – 1.1473 within a short-term uptrend. After that, a downward correction started. If the correction continues today, the asset may test the support (A) 1.1358 – 1.1345. Once this zone is tested, one may consider long trades.
The trend boundary is shifting to 1.1290 – 1.1270. If the price tests this zone during the correction, long trades can be considered.
EURUSD Trading Ideas for Today:
Buy near support (A) 1.1358 – 1.1345. TakeProfit: 1.1420, 1.1495. StopLoss: 1.1318.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of EURUSD in real time mode
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