Technical analysis of US Crude, XAUUSD, and EURUSD for today (29 April, 2025)
I welcome my fellow traders! I have made a price forecast for the 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 continues to trade in a short-term uptrend.
The article covers the following subjects:
Major Takeaways
- USCrude: oil has pierced the support (A) 61.68 – 61.38 and is poised to continue its downward correction to the support (B) 60.18 – 59.73.
- XAUUSD: gold is trading between resistance (B) and the Target Zone.
- EURUSD: the euro is trying to rebound from the key support 1.1369 – 1.1349.
Oil Price Forecast for Today: USCrude Analysis
Oil continues to trade in a downward correction within the short-term uptrend and is testing the support (A) 61.68 – 61.38. If the price breaks through this zone, the quotes may fall to the support (B) 60.18 – 59.73, the trend boundary. Once this zone is reached, long trades can be considered with the first target of 62.21 and the second one near 64.69.
The price should breach and settle below 59.73 to allow traders to open short trades and reverse the trend.
USCrude Trading Ideas for Today:
Watch the market.
Gold Forecast for Today: XAUUSD Analysis
Gold is maintaining its short-term downtrend. Yesterday, the price failed to break through the Target Zone 3274 – 3252.
Today, the asset is trading in an upward correction. If the price retests the resistance (B) 3383 – 3372, consider short trades with the first target of 3321 and the second one near 3259.
XAUUSD Trading Ideas for Today:
Hold up sales opened at resistance (B) 3383 – 3372. TakeProfit: 3259. StopLoss: at the breakeven.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro continues to trade in a short-term uptrend. Yesterday, the asset tested the support (B) 1.1369 – 1.1349. As a result, bulls managed to keep the price above this zone, and the euro started to climb. Today, the quotes may continue to rise. Therefore, consider holding long trades today with the first target of 1.1461 and the second one near 1.1573.
If the price pierces and consolidates below 1.1348, the bullish scenario will be canceled. In this case, the short-term uptrend will reverse.
EURUSD Trading Ideas for Today:
Hold up long trades opened at support (B) 1.1369 – 1.1349. TakeProfit: 1.1461, 1.1573. StopLoss: 1.1308.
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Price chart of EURUSD in real time mode
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