Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (June 2, 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 is rising after hitting the short-term uptrend’s key support 3253 – 3242.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is increasing after hitting the support (B) 59.51 – 59.06. The price has reached the first bullish target of 61.53.
- XAUUSD: Gold is climbing within a short-term uptrend and is poised to exceed its May 23 high.
- EURUSD: The euro is approaching its second bullish target.
Oil Price Forecast for Today: USCrude Analysis
At the end of last week, oil reached the short-term uptrend’s key support 59.51 – 59.06 but failed to pierce it. As a result, the price started to advance and reached the first bullish target near 61.53. The second target is 64.01. If the asset consolidates above 64.01, the next target will be the Gold Zone 65.70 – 65.44.
USCrude Trading Ideas for Today:
Hold up long trades opened at support (B) 59.51 – 59.06. TakeProfit: 64.01. StopLoss: at the breakeven.
Gold Forecast for Today: XAUUSD Analysis
Gold is rising after hitting the short-term uptrend’s key support 3253 – 3242. Today, the price is testing the Target Zone 3368 – 3345. The second bullish target for trades opened at the support (B) 3253 – 3242 is in the Target Zone. If the asset settles above 3365, the price may break through the Target Zone. In this case, the next bullish target will be the Gold Zone 3428 – 3420.
XAUUSD Trading Ideas for Today:
Watch the market.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is growing after touching the key support 1.1215 – 1.1194 and is approaching the second bullish target near the May 26 high. Once the asset surpasses this high, all bullish targets will be achieved. However, the short-term trend may continue to the Target Zone 1.1514 – 1.1473. If the price pierces this zone, the next bullish target will be the Gold Zone 1.1622 – 1.1609.
If the euro fails to break through this zone, a downward correction may begin. Thus, consider long trades during this correction.
EURUSD Trading Ideas for Today:
Hold up long trades opened at support (B) 1.1215 – 1.1194. TakeProfit: 1.1419. StopLoss: at the breakeven.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of XAUUSD in real time mode
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