Gold middle-term and short-term trends are opposite. Be careful with purchases
USCrude – oil
Oil is trading in the uptrend. The target is Target Zone 2 [59.83 – 59.43]. Hold the positions opened up to the target, or open new ones in Target Zone [54.65 — 54.25].
In the short-term uptrend, it makes sense to hold the purchases entered in Additional Zone [57.65 – 57.55] according to the pattern formed yesterday. There are two targets:
The high of last week.
Target Zone [59.16 – 58.76].
After the price breaks through he high, the support zones should be rearranged.
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