Short-term analysis for oil, gold, and EURUSD for 03.06.

2024

Technical analysis for oil, gold, and EURUSD today

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.

Oil price continues to decline.

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Oil price forecast for today: USCrude analysis

Oil continues to decline within the short-term bearish trend. Today, the price is testing the Target
Zone 77.11 - 76.12. If it breaches this area, the next selling target will be the Gold Zone 73.81 -
73.48, and trades opened from resistance (B) 80.97 - 80.52 will hit all bearish targets.

If the price starts a correction today, consider new sales at resistance (A) 79.53 - 79.23, waiting
for a corresponding pattern to appear. Today's low will serve as a selling target.

USCrude trading ideas for today:

1. Hold up sales at resistance (B) 80.97 - 80.52. TakeProfit: 76.12. StopLoss: at the
breakeven.
2. Sell according to the pattern at resistance (A) 79.53 - 79.23. TakeProfit: 76.49. StopLoss:
according to the pattern rules.
Gold forecast for today: XAUUSD analysis
On Monday morning, gold's short-term downtrend remains. The price is declining with the target
within the Target Zone 2300 - 2285. After reaching this zone, all bearish targets will be hit.

If the price begins to correct from the current level, it may test resistance (A) 2370 - 2365. Once
gold reaches this area, consider short trades with the target at today's low. The trend boundary is
shifting to 2397 - 2390. It is also profitable to sell from this zone.

XAUUSD trading ideas for today:

1. Sell according to the pattern at resistance (A) 2370 - 2365. TakeProfit: 2318. StopLoss:
according to the pattern rules.
2. Sell according to the pattern at resistance (B) 2397 - 2390. TakeProfit: 2318. StopLoss:
according to the pattern rules.

Euro/Dollar forecast for today: EURUSD analysis

Last week, the euro tested local resistance at 1.0880 - 1.0872. Bears managed to keep the price
below this area. In this connection, consider selling on corrections from this area with the target
at the May 30 low. If the price breaches this level, it will likely reach support (B) 1.0769 -
1.0756. This zone is the boundary of the short-term uptrend, and it will be possible to consider
long trades from it.

In addition, long trades can also be opened if the price breaks through 1.0880 and consolidates
above it. In this case, the buying target will be the Gold Zone 1.0945 - 1.0937.
EURUSD trading ideas for today:

1. Sell according to the pattern at 1.0880 - 1.0872. TakeProfit: 1.0835, 1.0788. StopLoss:
according to the pattern rules.
2. Buy according to the pattern at support (B) 1.0769 - 1.0756. TakeProfit: 1.0885, 1.0895.
StopLoss: according to the pattern rules.

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Technical analysis for USCrude, XAUUSD, and EURUSD today (3 June 2024)

Short-term forecast for oil, gold, and euro-dollar today. Oil price continues to decline.