Gold local short-term uptrend continues despite a strong price drop last Thursday
USCrude – oil
Oil middle-term uptrend continues. Buyers are trying to break through the resistance at [59.83 – 59.18]. The level will be broken out if the US session closes the price above. This will allow bulls to drive the price up towards Target Zone 3 [63.30 — 62.93].
Oil short-term trend is up. Last week, traders tried to reach Gold Zone [60.77 – 60.58]. They faiked to reach the zone on the first try, and the oil price was corrected down to the strong support Additional Zone…
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