Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (May 16, 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 downtrend.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has managed to stay above the short-term uptrend’s key support 60.85 – 60.59.
- XAUUSD: Gold is declining after touching the trend boundary 3244 – 3233.
- EURUSD: The euro is trading near the resistance 1.1289 – 1.1201.
Oil Price Forecast for Today: USCrude Analysis
Yesterday, oil tested the support (A) 60.85 – 60.59. However, bulls have managed to keep the price above this zone. Today, the asset slid to this support again, providing an entry point. If oil continues to climb, the price may reach 62.03. The second bullish target will be the May 13 high of 63.46.
If the asset breaks through the support (A) today, the correction will continue to the support (B) 59.55 – 59.16, the boundary of the short-term uptrend. Consider long trades near this zone.
USCrude Trading Ideas for Today:
Buy near support (A) 60.85 – 60.59. TakeProfit: 62.03, 63.46. StopLoss: 60.07.
Gold Forecast for Today: XAUUSD Analysis
Yesterday, gold increased to the short-term downtrend’s boundary 3244 – 3233. However, bears have managed to hold the price below this zone, pushing it lower. If the asset continues to fall, it may reach the first bearish target near 3182. Should the price pierce this mark, the next target will be yesterday’s low.
If gold breaks through the resistance (B) 3244 – 3233, the short-term downtrend will reverse. In this case, one may consider long trades with the target in the upper Target Zone 3368 – 3345.
XAUUSD Trading Ideas for Today:
Sell/hold up sales opened at resistance (В) 3244 – 3233. TakeProfit: 3182, 3120. StopLoss: 3267.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is maintaining its short-term downtrend. This week, the price has tested the resistance zone 1.1289 – 1.1201 but failed to pierce it. Therefore, consider short trades near this zone with the first target of 1.1153 and the second one near 1.1065.
The price should break through and settle above 1.1289 to allow traders to open long trades and reverse the downtrend.
EURUSD Trading Ideas for Today:
Hold up sales opened at resistance 1.1289 – 1.1201. TakeProfit: 1.1153, 1.1065. StopLoss: 1.1286.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of EURUSD in real time mode
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