Short-term analysis for oil, gold, and EURUSD for 03.05.

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.
Yesterday, oil continued its short-term downtrend.
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Oil price forecast for today: USCrude analysis

Yesterday, oil continued its short-term downtrend, and its price dropped below the May 1 low. The
next selling target is within the Target Zone 77.11 - 76.12. Currently, the price is correcting. If the
correction continues, oil may reach resistance (A) 81.76 - 81.43. After reaching the resistance,
consider short trades according to the pattern with the target at yesterday's low.
The trend boundary shifts to 83.58 - 83.08. If the price reaches this zone, short trades can be opened
from this area as well.

USCrude trading ideas for today:

1. Sell according to the pattern at resistance (A) 81.76 - 81.43. TakeProfit: 78.22. StopLoss:
according to the pattern rules.
2. Sell according to the pattern at resistance (B) 83.58 - 83.08. TakeProfit: 78.22. StopLoss:
according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Gold continues to trade in a short-term downtrend. On May 1, the asset tested the Target Zone 2281
- 2266. However, the price remained above this zone, and an upward correction began. As part of
the correction, resistance (A) 2336 - 2331 was reached. Near this zone, the price reversed and
continued to fall.
The downside target is the May 1 low. Gold is likely to break through the Target Zone. If it pierces
this area, the next selling target will be within the Gold Zone 2231 - 2226.

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

The euro remains in a short-term downtrend. Yesterday, the price corrected to resistance (A) 1.0741
- 1.0733. Today, the price has tested this area again. Bears are keeping the price below this area.
Therefore, consider selling from this area with the target at the May 1 low. If the price settles below
this level, the next selling target will be within the Target Zone 2, 1.0561 - 1.0544.
At the same time, the pair should breach resistance 1.0750 and consolidate above this level to
change the trend and allow traders to buy the euro. In this case, the bullish target will be 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 (3 May 2024)

Short-term forecast for oil, gold, and euro-dollar today. Yesterday, oil continued its short-term
downtrend.