Category: Forex News, News
Technical analysis of US Crude, XAUUSD and EURUSD for Today (October 8, 2026)
Welcome, my fellow traders! I have prepared a price forecast for US Crude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I have identified entry signals for intraday traders.
Yesterday, gold prices continued to decline.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is approaching the resistance A at 91.18–90.73.
- XAUUSD: Gold is undergoing correction following a decline and a test of the Gold Zone 4,081–4,070.
- EURUSD: The euro has reached the bearish target, declining from the resistance A of 1.1253–1.1245.
Oil Price Forecast for Today: USCrude Analysis
Oil is rising in a corrective move within the broader short-term downtrend. Today, prices are approaching the resistance A at 90.73–91.18. Once this resistance zone is tested, short positions could be considered with targets at 88.75 and 86.30.
If the resistance A is pierced today, the correction could extend toward the resistance B at 92.95–93.61. This zone marks the trend boundary and may provide another opportunity to open short positions.
USCrude Trading Ideas for Today:
Sell near resistance A at 91.18–90.73. TakeProfit: 88.75, 86.30. StopLoss: 92.24.
Gold Forecast for Today: XAUUSD Analysis
Yesterday, gold prices continued to decline, reaching the Gold Zone at 4,070–4,081. Significant selling emerged in this zone, triggering a corrective rebound.
Today, prices are trading within this correction. If the price reaches the new resistance zone at 4,169–4,179, short positions could be considered in this area with targets at 4,123 and 4,066.
XAUUSD Trading Ideas for Today:
Sell near resistance A at 4,179–4,169. TakeProfit: 4,123, 4,066. StopLoss: 4,203.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro continues to trade within a short-term downtrend. Yesterday, the price reached the first sell target near 1.1661, while the second target is the October 5 low. As a result, hold short positions opened yesterday near the resistance A at 1.1253–1.1245.
If the price slides below the October 5 low, the next bearish target will be the Target Zone 3 at 1.1123–1.1106. Otherwise, the price could rebound and retest the resistance A.
EURUSD Trading Ideas for Today:
Hold short positions opened near resistance A at 1.1253–1.1245. TakeProfit: 1.1161. StopLoss: at breakeven.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of XAUUSD in real time mode
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