Short-term Analysis for Oil, Gold, and EURUSD for 06.08.2024

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.

Gold’s short-term uptrend reversed yesterday.

Highlights and key points

USCrude: oil continues to trade in a short-term downtrend. Today, the price tried to test the resistance (A) 74.39 – 74.09.

XAUUSD: gold’s short-term uptrend reversed. The price is trading in an upward correction and testing the resistance (A) 2419 – 2414 today.

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

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