Short-term Analysis for Oil, Gold, and EURUSD for 02.08.2024

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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.

Oil broke through the resistance (A), but rather than continuing to grow, the price declined.

Highlights and key points

USCrude: Oil broke through the resistance (A) 77.50 – 77.20, but the price did not reach the resistance (B) 79.13 – 78.68. Keep waiting for profitable prices to open short trades.

XAUUSD: Gold continues to strengthen. In this connection, consider long trades… Read full author’s opinion and review in blog of #LiteFinance

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