Short-term Analysis for Oil, Gold, and EURUSD for 28.08.2024

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 is correcting downward to the support (A) 1.1117 – 1.1109.

Highlights and key points

USCrude: oil is declining after testing the short-term downtrend’s key resistance 76.79 – 76.30. The first bearish target is 74.07.

XAUUSD: gold is falling after hitting the Target Zone 2529 – 2514. If the correction continues, the price may test the support (A) 2481 -… Read full author’s opinion and review in blog of #LiteFinance

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