Analysis for oil, gold, and EUR/USD for 07.07.2020

Gold price is consolidating a little higher than the resistance, it may go up to the high of last week

Oil price forecast for today: USCrude analysis

In the middle-term timeframe, oil is trading under the resistance Target Zone 5 [41.67 – 40.92]. The trend is up. To enter purchasers at good prices, one needs to expect a correction down to the key support zone [33.64 — 32.86].

In the shorter timeframe, oil reached Target Zone 5 [41.67 – 40.92] yesterday. After the price had reached the resistance, traders closed large purchasers and opened sell positions. The price is now moving…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>