Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (June 3, 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’s short-term uptrend continued yesterday.
The article covers the following subjects:
Major Takeaways
- USCrude: The rise in oil prices was capped near the Target Zone 63.61 – 62.83.
- Gold: XAUUSD buyers broke above the high of May 23.
- EURUSD: All the previous targets for euro longs have been reached.
Oil Price Forecast for Today: USCrude Analysis
Oil’s short-term uptrend continued yesterday, with the price reaching the upper Target Zone 63.61 – 62.83. If this zone is broken, the next upside target will be the Gold Zone 65.70 – 65.44.
If the Target Zone holds, prices could decline back toward the support (B) 59.51 – 59.06. This zone marks the boundary of the current trend. Accordingly, if it is broken to the downside, oil could be sold with a target in the lower Target Zone 55.01 – 54.11.
USCrude Trading Ideas for Today:
Hold a portion of longs near support (В) 59.51 – 59.06. TakeProfit: 64.01. StopLoss: breakeven.
Gold Forecast for Today: XAUUSD Analysis
All targets within the short-term uptrend in gold have been reached. Yesterday, the May 23 high was updated, and market participants attempted to break above the Target Zone 3368 – 3345. However, the price failed to steady above this area.
Nevertheless, the trend remains upward, so any downward correction should be viewed as a buying opportunity. The nearest support levels are 3316 – 3309 and 3279 – 3268. The main target for these potential long positions will be today’s high.
XAUUSD Trading Ideas for Today:
Buy near support (А) 3316 – 3309. TakeProfit: 3350, 3391. StopLoss: 3293.
Euro/Dollar Forecast for Today: EURUSD Analysis
Euro’s short-term uptrend continued yesterday, and market participants pushed the price beyond the high of May 26. As a result, all upside targets from the support (B) 1.1215 – 1.1194 have been reached.
The short-term uptrend may continue toward the Target Zone 1.1514 – 1.1473. If this zone is broken to the upside, the next buying target will be the Gold Zone 1.1622 – 1.1609.
I recommend considering new longs during a correction from strong support levels.
EURUSD Trading Ideas for Today:
Buy near support (A) 1.1318 – 1.1305. TakeProfit: 1.1379, 1.1454. StopLoss: 1.1279.
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Price chart of EURUSD in real time mode
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