Short-term analysis for oil, gold, and EURUSD for 05.12.2023

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 EURUSD short-term downtrend continues. 

Oil price forecast for today: USCrude analysis

The short-term oil downtrend started yesterday. The price consolidated below the key support 74.65 – 74.15. The downside target is the lower Target Zone, 69.70 – 68.71. It is relevant to enter new sell trades on the correction at resistance (А) 76.39 – 76.06 or resistance (В) 78.20 – 77.71.

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