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Short-term oil, gold and EURUSD analysis for 05.05.2023

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Short-term oil, gold and EURUSD analysis for 05.05.2023




Welcome to my fellow traders! I have created a forecast of the US Crude price, XAUUSD, and EURUSD based on a combination technical analysis and margin zone methodology. Based on my analysis of the market, I offer intraday traders entry signals.

EURUSD is retracing in the short-term upward trend.

USCrude Analysis: Oil Price Forecast for Today

The short-term decline continues. The price was corrected up to the key resistance zone 68.74 – 68.31 yesterday. Oil traders are trying hard to break through this zone and consolidate prices above.

If the price consolidates above the key resistance, the short-term trend will… Read full author’s opinion and review in blog of #LiteFinance



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