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Gold price reached the next middle-term buy target, Target Zone 6
USCrude – oil
Oil broke through the local low of last week yesterday. Traders are trying to break out Target Zone 2 [53.58 – 53.21] and consolidate the price below. If they succeed, the next downside target will be Target Zone 3 [49.93 — 49.56].
The short term downtrend has worked out its targets; the low of August 1 and Gold Zone [53.25 – 53.07] were reached yesterday.
Nonetheless, the downtrend continues, so, any correction towards the strong resistances should be first of treated as an opportunity to enter…
Read full author’s opinion and review in blog of #LiteForex
