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Short-term analysis for oil, gold, and EURUSD for 21.07.2021

I welcome my fellow merchants! I’ve made a value forecast for US Crude, XAUUSD, and EURUSD utilizing a mixture of margin zones methodology and technical evaluation. Based mostly available on the market evaluation, I recommend entry alerts for intraday merchants.

Gold is buying and selling between two sturdy ranges.

The article covers the next topics:

Oil value forecast for right this moment: USCrude evaluation

Yesterday, oil trades within the Extra Zone 66.98 – 66.82 yielded earnings. Consequently, July 19 low was up to date. Then the worth went into correction. A brand new Extra Zone 66.43 – 66.30 was damaged out on the US buying and selling session.

Now the oil value continues to commerce in a correction to the short-term downtrend. The zone of ​​67.06 – 67.90 serves as key resistance for right this moment. Whereas the world is being held by sellers, contemplate oil gross sales with a goal at yesterday’s low.

If the resistance space is damaged out, the short-term pattern will reverse up, and the goal would be the higher Goal Zone 70.80 – 70.27.

USCrude buying and selling concepts for right this moment:

Open promote positions based on the sample in 67.06 – 67.90. TakeProfit: 65.00. StopLoss: based on the sample guidelines.


Gold value forecast for right this moment: XAUUSD evaluation 

Gold is buying and selling between two sturdy ranges. Above is the resistance degree of 1819 – 1817. That is the Middleman Margin Zone, which serves because the border of the short-term downtrend. Beneath is the help degree of 1811 – 1809.

To find out the precedence for short-term buying and selling, both a breakout of the resistance degree with consolidation above or a breakout of the help degree with consolidation beneath is required.

When shopping for, the goal would be the higher Goal Zone 1844 – 1840. When promoting, the goal would be the decrease Goal Zone 1811 – 1809.

XAUUSD buying and selling concepts for right this moment:

  1. Purchase when the Middleman Zone 1819 – 1817 is damaged out upside. TakeProfit: Goal Zone 1844 – 1840. StopLoss: past the native low.

  2. Promote when the Middleman Zone 1811 – 1809 is damaged out draw back. TakeProfit: Goal Zone 1789 – 1784. StopLoss: past the native excessive.


Euro/Greenback forecast for right this moment: EURUSD evaluation 

The EURUSD bears are attempting to interrupt out the help zone 1.1762 – 1.1753. If profitable, then the worth fall will proceed with the goal within the Gold Zone 1.1711 – 1.1702. If the help zone is held through the European buying and selling session, then on the US buying and selling session count on the worth progress within the Extra Zone 1.1804 – 1.1799, after which, when the Extra Zone is damaged out, in the Middleman Zone 1.1852 – 1.1843.

In keeping with the technical evaluation, the border of the downtrend is shifting to degree 1.1821.

EURUSD buying and selling concepts for right this moment:

Open promote positions based on the sample in 1.1821 – 1.1800. TakeProfit: 1.1754. StopLoss: based on the sample guidelines.


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Value chart of XAUUSD in actual time mode

The content material of this text displays the writer’s opinion and doesn’t essentially mirror the official place of LiteForex. The fabric revealed on this web page is supplied for informational functions solely and shouldn’t be thought-about as the availability of funding recommendation for the needs of Directive 2004/39/EC.

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