Home Market Technical analysis of US Crude, XAUUSD, and EURUSD for today (22 June...

Technical analysis of US Crude, XAUUSD, and EURUSD for today (22 June 2022)

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I welcome my fellow traders! I have made a price forecast for US Crude, 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 short-term gold trend remains up.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil trend’s key resistance 110.76 – 110.35 was held. After that, the downtrend continued, and the price dropped to the Target Zone 2 104.62 – 103.79.

Now the price is correcting. A possible correction target will be level 106.83. After its test, consider new sales to update today’s low.

If the Additional Zone is broken out upside, the correction will continue with the target in the Intermediary Zone 109.14 – 108.72.

USCrude trading ideas for today:

  1. Sell according to the pattern in the level of 106.83. TakeProfit: 104.62. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 109.14 – 108.72. TakeProfit: 104.62. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The short-term gold uptrend continues. A correction is currently developing. The trend key support of 1821 – 1817 serves as a correction target. After the test of key support, consider new purchases according to the pattern with a target at June 16 high.

If the price consolidates above June 16 high, the growth will continue with the target in the upper Target Zone 1884 – 1877.

To enter sales and reverse the trend, traders need to break out the Intermediary Zone downside and consolidate the price lower.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1821 – 1817. TakeProfit: 1857. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

Euro is trading between the Target Zone 1.0570 – 1.0550 and the Intermediary Zone 1.0505 – 1.0495. The short-term trend remains up. However, there is no buy pattern, so continue monitoring the market.

If the Intermediary Zone is broken out downside during the trading and the price consolidates lower in the American trading session, the short-term trend will reverse down. In this case, start the euro sales with the target in the lower Target Zone 1.0409 – 1.0390.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1.0505 – 1.0495. TakeProfit: 1.0600. StopLoss: according to the pattern rules.


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Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

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Price chart of XAUUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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