Short-term Analysis for Oil, Gold, and EURUSD for 04.09.2024

1 min read

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.

Yesterday, oil reached below its August low near 71.35.

Highlights and key points

USCrude: oil has continued to decline and reached below the August low. The trades opened at the short-term downtrend’s boundary have hit all the bearish targets. Once a new correction starts, one may initiate new sales.

XAUUSD: gold is correcting downward and testing the support (A) 2481 -… Read full author’s opinion and review in blog of #LiteFinance

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