Short-term analysis for oil, gold, and EURUSD for 09.01.2024

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 remains under pressure from sellers.

Oil price forecast for today: USCrude analysis

Yesterday, the short-term oil downtrend continued. As a result, the price approached January 3 low. Today, expect the continuation of the decline. If the price consolidates below the low of January 3, the next sales target will be the Target Zone 66.31 – 65.32.

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