Short-term analysis for oil, gold, and EURUSD for 05.02.2024

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 dollar strengthened against all assets last Friday.

Oil price forecast for today: USCrude analysis

Last Friday, oil broke out the key support of 74.22 – 73.72. Thus, the short-term trend reversed down. Now, the Target Zone 69.27 – 68.28 serves as the sales target.

It is profitable to consider new sales on correction at strong resistance levels: resistance (A) 75.44 – 75.11… Read full author’s opinion and review in blog of #LiteFinance