Oil Price Forecast: USCrude Xauusd investing Analysis News
Current Trend:
- Oil is moving in an upward correction to the resistance area at $75.74 – $75.44.
- If it reaches to this area, short trades as the trend is downwards.
- Target for these short trades is the June 4 low. If oil drops below this low, the next target is $71.11 – $70.51.
Alternative Scenario:
- If the price breaks the resistance of $75.74-$75.44, it might rise to the next resistance of $77.39-$76.94.
- A resistance at this high may be tried for short trades.
Trading Ideas:
- Sell at resistance $75.74 – $75.44. Target: $72.51.
- Sell at resistance $77.39 – $76.94. Target: $72.51.
Xauusd Chart Investing
For real-time live updates and analysis, the XAU/USD live chart on Investing.com provides comprehensive data on gold prices against the US dollar. You can check the latest updates in this chart.
Gold Price Forecast: Xauusd investing Analysis
Current Trend:
- Gold prices surged to a critical resistance area at $2369 – $2364.
- Consider shorts within this downtrend. Main target is the June 3 low, with partial profits near $2342.
Alternative Scenario:
Breaking $2369 – 2364, correction could extend to $2397 – 2389.
Look for reversal patterns to the downside to sell in this higher area.
Trading Ideas:
- Sell at resistance $2369 – $2364. Targets: $2342, $2315.
- Sell at resistance $2397 – $2389. Targets: $2342, $2315.
Euro/Dollar Forecast: EURUSD Analysis
Current Trend:
- Yesterday, EURUSD didn’t break through the area $1.0874 – $1.0869 and followed the upward trend.
- First target $1.0893. Over this, we are looking for $1.0945/ $1.0937.
Alternative Scenario:
- A correction to $1.0832 – $1.0823 can be expected only if the support at $1.0874 – $1.0869 is broken.
- Long trades can be considered at this lower support level.
Trading Ideas:
- Wait for buys at $1.0874 – $1.0869. Target: $1.0915.
- Buy on support $1.0832, $1.0823. Stop-loss $1.0915.
