Technical analysis of US Crude, XAUUSD, and EURUSD for today (2 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.
Oil is maintaining a short-term bullish trend.
The article covers the following subjects:
Major Takeaways
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USCrude: one can consider short-term purchases.
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XAUUSD: gold is trading below the resistance level – Target Zone 3144 – 3131.
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EURUSD: the euro is consolidating above the support (В) 1.0798 – 1.0783.
Oil Price Forecast for Today: USCrude Analysis
Oil is trading in a short-term uptrend. The growth target is the upper Target Zone 73.79 – 72.99. Against this backdrop, long trades can be opened during corrections. If the correction unfolds, the oil price will likely slide to the support area (A) 68.85 – 68.56. Once the support area is reached, it is necessary to wait for an upward impulse, and then open a long position on a pullback. The first bullish target is located at 70.18. The second target is at the weekly high of 71.78.
USCrude Trading Ideas for Today:
Buy near support (А) 68.85 – 68.56. TakeProfit: 70.18 – 71.78. StopLoss: 68.00.
Gold Forecast for Today: XAUUSD Analysis
Gold continues to trade in a short-term bullish trend. This week, the price reached the Target Zone 3144 – 3131. If this zone is broken through, the next target will be the Gold Zone 3205 – 3198. If the price remains below the Target Zone, the downward correction will start with the target at the support (A) 3078 – 3071. After reaching this area, consider long trades with the first target at 3110 and the second target in the area of 3148.
XAUUSD Trading Ideas for Today:
Buy near support (А) 3078 – 3071. TakeProfit: 3110, 3148. StopLoss: 3058.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro continues to trade in a short-term uptrend. The price is testing the key support at 1.0798 – 1.0783. Bulls have managed to keep the price above this area. As a result, long positions can be considered near this area with the first target at 1.0868 and the second target in the area of 1.0954.
If the support (B) is broken through from above today, the short-term uptrend will likely reverse. In this case, consider short trades with the target within the lower Target Zone 1.0642 – 1.0611.
EURUSD Trading Ideas for Today:
Hold up purchases opened near support (В) 1.0798 – 1.0783. TakeProfit: 1.0868, 1.0954. StopLoss: 1.0753.
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Price chart of USCRUDE in real time mode
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