Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (May 19, 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.
On Friday, the euro continued to trade in a short-term downtrend.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has reached its first bullish target near 62.03.
- XAUUSD: Gold is testing the trend boundary 3244 – 3233.
- EURUSD: The euro is rising again and testing the resistance zone 1.1289 – 1.1201.
Oil Price Forecast for Today: USCrude Analysis
On Friday, oil continued to trade in a short-term uptrend and reached its first bullish target near 62.03. The second target is the May 13 high near 63.46. Therefore, consider holding long trades initiated at the support (A) 60.85 – 60.59 at the breakeven point today.
If the price breaks through the support (A) today, the correction will continue to the trend boundary 59.55 – 59.16.
USCrude Trading Ideas for Today:
Hold up long trades opened at support (A) 60.85 – 60.59. TakeProfit: 63.46. StopLoss: at the breakeven.
Gold Forecast for Today: XAUUSD Analysis
Last week, gold tested the short-term downtrend’s boundary 3244 – 3233 but failed to pierce it. After that, the price dropped but is now testing the resistance (B) 3244 – 3233 again. Therefore, consider short trades near this zone with a target of 3182. If the asset breaches the 3182 level, the price may slide to the May 15 low of 3120.
If the price breaks through the resistance (B), the short-term downtrend will reverse. In this case, consider long trades with a target at the upper Target Zone 3368 – 3345.
XAUUSD Trading Ideas for Today:
Sell/hold up sales opened at resistance (B) 3244 – 3233. TakeProfit: 3182, 3120. StopLoss: 3267.
Euro/Dollar Forecast for Today: EURUSD Analysis
On Friday, the euro continued to trade in a short-term downtrend. As a result, the price has reached the first bearish target near 1.1153. However, today the euro is climbing and approaching the entry point of 1.1242. Therefore, the remaining short trades can be closed at breakeven.
If the price pierces the 1.1242 level today, the euro may exceed the May 14 high and test the short-term downtrend’s boundary 1.1289 – 1.1269. If bears manage to keep the price below this zone, one may consider short trades. If the asset pierces the 1.1289 level, the short-term downtrend will reverse.
EURUSD Trading Ideas for Today:
Watch the market.
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Price chart of EURUSD in real time mode
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