Short-term Analysis for Oil, Gold, and EURUSD for 12.07.2024

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 rebounded from the support (A) 81.19 – 80.92 and continues to grow now.

Highlights and key points

USCrude: After hitting the support (A) 81.19 – 80.92, oil continues to rise. Consider holding long trades with the first target at 82.42 today.

XAUUSD: Gold is correcting downward after the recent growth, likely targeting the support (A) 2374 – 2369. After reaching… Read full author’s opinion and review in blog of #LiteFinance

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