2026.10.29 2026.10.29
Short-Term Analysis for Oil, Gold, and EURUSD for 29.10.2026

Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/

Welcome, my fellow traders! I have prepared a price forecast for USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

Gold tested resistance A at 4,088–4,078 following news from the US Fed.

Major Takeaways

• USCrude: Oil is correcting downward and testing the 100.82 level.
• XAUUSD: Gold has reached the first selling target near 4,031 today.
• EURUSD: The euro is trading near the lower Target Zone of 1.1123–1.1106.

Oil Price Forecast for Today: USCrude Analysis

Oil prices rose sharply yesterday. Toward the close of the US trading session, the price began to correct downward. Today, market participants are testing the 100.82 level. If buyers hold this level, the price may resume its upward movement toward the target of 103.25.

If the price consolidates below 100.82, a downward correction may develop, with a potential retest of support A at 98.82–98.38.

USCrude Trading Ideas for Today:

Hold part of the long positions opened near support A at 98.82–98.38. TakeProfit: 103.25. StopLoss: at breakeven.

Gold Forecast for Today: XAUUSD Analysis

Yesterday, gold tested resistance A at 4,088–4,078 following news from the US Fed. Sellers held this zone. The decline continued today, and the price reached the first selling target near 4,031. Half of the short positions could have been closed near this level. The remaining positions should be moved to breakeven. The next selling target is 3,975.

XAUUSD Trading Ideas for Today:

Hold part of the short positions opened near resistance A at 4,088–4,078. TakeProfit: 3,975. StopLoss: at breakeven.

Euro/Dollar Forecast for Today: EURUSD Analysis

The euro is trading in a short-term downtrend. The price is approaching the Target Zone of 1.1123–1.1106. If this zone is broken, the decline will likely continue toward the Gold Zone of 1.1039–1.1031.

However, if buyers hold the Target Zone, an upward correction may begin, with a potential retest of resistance A at 1.1251–1.1239. If resistance A is retested, new short positions can be considered with the same targets of 1.1182 and 1.1113.

EURUSD Trading Ideas for Today:

Watch the market.

Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.

P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂

Useful links:

• I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
• Use my promo code BLOG to get a 50% deposit bonus on the LiteFinance platform. Simply enter this code in the appropriate field when funding your trading account.
• Telegram chat for traders: https://t.me/litefinancebrokerchat. We are sharing the signals and trading experience.
• Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/litefinance

Price chart of XAUUSD in real time mode