Short-term Analysis for Oil, Gold, and EURUSD for 12.08.2024

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.

Oil is testing the short-term downtrend’s boundary of 76.03 – 75.58.

Highlights and key points

USCrude: oil is testing the resistance (B) 76.03 – 75.58. If the price breaches this zone, the downtrend will reverse. The bullish target will be the upper Target Zone 79.70 – 78.92.

XAUUSD: gold is testing the resistance (B) 2446 – 2439. If the asset remains below… Read full author’s opinion and review in blog of #LiteFinance

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