Short-term Analysis for Oil, Gold, and EURUSD for 05.08.2024

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.

The euro corrected to the short-term downtrend’s key resistance.

Highlights and key points

USCrude: Oil broke through the Gold Zone 72.99 – 72.71. The next bearish target is the Target Zone 2, 70.57 – 70.05. Consider short trades.

XAUUSD: Gold is testing the short-term uptrend’s support (A) 2427 – 2422. Long trades can be considered.

EURUSD: The euro is testing the short-term… Read full author’s opinion and review in blog of #LiteFinance

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