05-08-2024 09:32 via litefinance.org

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

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 pointsUSCrude: 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 t
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