Technical analysis of US Crude, XAUUSD, and EURUSD for today (12 March, 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.
Gold continues to trade in a short-term uptrend.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is trading within a short-term downtrend.
- XAUUSD: Gold is growing from support (В) 2862–2853. The second growth target is a level of 2956.
- EURUSD: The euro is trying to break above the Target Zone 3, 1.0923 – 1.0902.
Oil Price Forecast for Today: USCrude Analysis
Oil continues trading in a short-term downtrend, with a sell target of 64.99. The price is currently correcting upward. If the correction continues, expect the price to test resistance (А) 68.20 – 67.91. Once this zone is tested, consider opening new shorts, targeting a level of 66.60.
If resistance (А) is broken to the upside, the correction will continue up to resistance (В) 69.81 – 69.37, the trend’s boundary, from which we can open shorts, too.
USCrude Trading Ideas for Today:
Watch the market.
Gold Forecast for Today: XAUUSD Analysis
Gold continues to trade in a short-term uptrend. A second growth target from support (B) 2862 – 2853 is a level of 2956. Thus, holding a part of longs at breakeven would be smart today.
If support (B) is broken to the downside, the short-term trend will reverse downward. If it does, consider opening short positions with a target in the lower Target Zone 2768–2750.
XAUUSD Trading Ideas for Today:
Hold a part of longs near support (В) 2862–2853. TakeProfit: 2956. StopLoss: breakeven.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro’s short-term trend remains upward. Yesterday, market participants attempted to break through the Target Zone 3, 1.0923 – 1.0902, but the zone held. Today, they will likely make a second attempt. If they succeed and the price settles above the Target Zone 3, the next growth target will be the Gold Zone 3, 1.1017 – 1.1006.
If the Target Zone 3 holds, expect a downward correction to develop. If it does, the price could reach support (А) at 1.0843 – 1.0832. Once this support level is tested, consider opening new longs with the first target at 1.0890 and the second one near yesterday’s high.
EURUSD Trading Ideas for Today:
Buy near support (A) 1.0843 – 1.0832. TakeProfit: 1.0890, 1.0947. StopLoss: 1.0812.
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Price chart of XAUUSD in real time mode
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