Short-term Analysis for Oil, Gold, and EURUSD for 05.07.2024

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.

Oil is trading in a bullish trend.

Technical analysis key points

USCrude: Oil is trading in an uptrend. The growth target is the zone 84.75 – 84.45. If a correction starts, key support levels are 81.02 – 80.74 and 79.65 – 79.23.

XAUUSD: Gold is testing the short-term downtrend boundary 2369 – 2361. Short trades with targets at 2327 and 2287 are… Read full author’s opinion and review in blog of #LiteFinance

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