Short-term analysis for oil, gold, and EURUSD for 02.05.

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.
The euro and gold rose yesterday following the Fed's decision to keep interest rates unchanged.
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Oil price forecast for today: USCrude analysis

Oil continued its short-term downtrend yesterday. The price reached below the April 22 low, and the
decline continued to the Target Zone 77.11 - 76.12. Today, the price is making a slight upward
correction. If the correction continues, oil may touch the resistance area (A) 82.18 - 81.85. From
this zone, consider short trades according to the pattern with the target at yesterday's low.
The trend border shifts to 83.99 - 83.50. If the price tests this area, consider selling oil according to
the pattern with the target at yesterday's low.

USCrude trading ideas for today:

1. Sell according to the pattern at resistance (A) 82.18 - 81.85. TakeProfit: 78.66. StopLoss:
according to the pattern rules.
2. Sell according to the pattern at resistance (B) 83.99 - 83.50. TakeProfit: 78.66. StopLoss:
according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Yesterday, gold was correcting upwards. Taking into account the margin of error, the correction
dragged the price to resistance (A) 2336 - 2331. Today, the price continues to trade below this
resistance, so consider selling gold according to the pattern with the target at yesterday's low.
If resistance (A) is broken through from below during trading, the correction will likely continue to
resistance (B) 2364 - 2356. Resistance (B) is the trend's border, from which you can also consider
short trades according to the pattern.

XAUUSD trading ideas for today:

1. Sell according to the pattern at resistance (A) 2336 - 2331. TakeProfit: 2281. StopLoss:
according to the pattern rules.
2. Sell according to the pattern at resistance (B) 2364 - 2356. TakeProfit: 2281. StopLoss:
according to the pattern rules.

Euro/Dollar forecast for today: EURUSD analysis

Yesterday, the euro corrected upwards and reached resistance (A) 1.0741 - 1.0733 of the short-term
bearish trend. Thus, consider new sales of the instrument near this area with the target at yesterday's
low. If the price settles below this area, the decline will continue to the Target Zone 1.0561 - 1.0544.
The level of 1.0750 offers the trend's border. If the price breaks through this level and consolidates
above it, the short-term trend will turn bullish. In this case, consider long trades with the target
within the upper Target Zone 1.0878 - 1.0853.
EURUSD trading ideas for today:
Sell according to the pattern at resistance (A) 1.0741 - 1.0733. TakeProfit: 1.0651. StopLoss:
according to the pattern rules.
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Technical analysis for USCrude, XAUUSD, and EURUSD today (2 May 2024)

Short-term forecast for oil, gold, and euro-dollar today. The euro and gold rose yesterday following
the Fed's decision to keep interest rates unchanged.