Short-term forecast for oil, gold, and EURUSD for 04.02.2021

I welcome my fellow traders! I have made a price forecast for US Crude, 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.

Yesterday oil broke out strong resistance Target Zone 4 [54.72 - 54.21].



Oil price forecast for today: USCrude analysis

Yesterday in the medium-term chart, oil broke out strong resistance Target Zone 4 [54.72 - 54.21]. If the bulls manage to consolidate above the zone at the US trading session, the next growth target will be Target Zone 5 [59.82 - 59.31].



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