Short-term forecast for oil, gold, and EURUSD for 09.12.2020

I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for day traders.

Oil is now testing the trendline in the long-term timeframe.

Oil price forecast for today: USCrude analysis

Oil is now testing the trendline on the long-term chart. If the price breaks out the trendline and consolidates below, we could sell oil in the correction with the target at 43.78 and the trend key support [41.81 – 41.34].

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