The EURJPY pair reached %23.6 Fibonacci correction level at 182.00, to form strong support to provide chances for recovering some losses by its rally near 183.70 level.

In general, the bearish scenario will remain valid depending on forming main barrier by 185.45 level against the current trading, which makes us wait for gathering negative momentum, which allows it to renew the negative attempts that might target 182.80 level, to attempt to renew the pressure on 182.00 support, while breaching the main barrier and holding above it will confirm its move to a positive station, to begin targeting several positive stations by its rally towards 186.00 and 186.60.

The expected trading range for today is between 182.80 and 184.30

Trend forecast: Bearish

Platinum price managed to settle above the moving average 55, confirming the attempt of activating the bullish trend again, to hit $2075.00 level, approaching the previously suggested initial main target.

Surpassing $2080.00 level, to open the way for resuming the bullish trend, to reach $2120.00, to extend the trading towards the next main target near $2190.00, note that the rise of changing the trend and forming bearish waves depends on breaking the support level at $1865.00.

The expected trading range for today is between $2020.00 and $2120.00

Trend forecast: Bullish

Domestic coffee prices today

The domestic coffee market this morning, May 7, witnessed an impressive breakthrough session in the Central Highlands provinces.

According to the latest data, the average purchase price of the whole region has increased by 1,000 VND/kg, officially exceeding the threshold of 87,000 VND/kg.

Specifically, in Dak Nong province (old), coffee prices increased the most with 1,100 VND, reaching 87,300 VND/kg.

Dak Lak and Gia Lai provinces both recorded an increase of 1,000 VND, currently trading stably at 87,000 VND/kg.

The Lam Dong area alone listed the price at 86,500 VND/kg after recovering by 1,000 VND compared to yesterday’s session. Meanwhile, pepper prices remained stable at 143,000 VND/kg and the USD/VND exchange rate at Vietcombank decreased slightly by 10 VND to 26,088 VND/USD.

World coffee prices

Developments in the international market last night recorded mixed differentiation between the two futures exchanges.

The London exchange became the main driver for domestic coffee prices when Robusta futures in July surged by another 35 USD (equivalent to 1.04%), reaching 3,413 USD/ton.

Conversely, the New York exchange sank into red when Arabica prices fell sharply by 5.90 cents (equivalent to 2.04%), falling to 283.85 cents/lb. Arabica’s decline stems from optimistic signals about the possibility of ending the US-Iran conflict, which opens up expectations that the Strait of Hormuz will soon be cleared again, helping to relieve global logistics pressure.

Coffee price assessment

Despite cooling geopolitical news, factors tightening supply in reality are still a solid pillar for coffee prices. Robusta inventories on the ICE exchange fell to a record low of 16.25 months (only 3,755 lots), while Arabica inventories also hit a 2.5-month low.

In addition, Brazil’s Real continued to maintain its strength at its highest level in 2.25 years against the USD, causing Brazilian farmers to limit export sales due to unfavorable exchange rate differences. These factors compensated for the pressure from the Vietnam’s export report in the first 4 months of the year increasing sharply by 15.8% (reaching 810,000 tons) and the forecast of a global surplus of 10 million sacks of StoneX.

The market is currently in an extremely sensitive phase when “good news” about geopolitics is “bad news” for prices due to reduced insurance and transportation costs. However, with stockpiles on the London exchange running out, Robusta’s upward momentum still has considerable room in the short term.

2026.05.07 2026.05.07
Short-Term Analysis for Oil, Gold, and EURUSD for 07.05.2026

Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/

Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

Gold is trading in a bullish correction within the short-term downtrend.

Major Takeaways

• USCrude: Oil turned downward yesterday.
• XAUUSD: Gold has reached the resistance B of 4,734–4,713 during a correction.
• EURUSD: The euro has bounced off the support B of 1.1687–1.1670.

Oil Price Forecast for Today: USCrude Analysis

Oil’s short-term trend turned bearish yesterday. The price broke below the key support of 99.24–98.43 and reached the lower Target Zone of 91.15–89.53. After that, major market participants started closing their short trades, causing an upward correction.

During the correction, the oil price tested the resistance A of 92.82–92.28, but bears managed to keep the asset below this zone. Today, the price may continue to fall. Consequently, consider short trades with the first target at 89.85 and the second one around 86.89.

USCrude Trading Ideas for Today:

Sell near resistance A of 92.82–92.28. TakeProfit: 89.85, 86.89. StopLoss: 94.70.

Gold Forecast for Today: XAUUSD Analysis

Gold is trading in a correction within a short-term downtrend. Yesterday, the price pierced resistance A at 4,656–4,642 and reached resistance B at 4,734–4,713, the upper boundary of the trend. Consider short trades near this zone, with the first target at 4,617 and the second one at 4,500.

If the gold price breaks above resistance B, the downtrend will reverse. In this case, consider long trades, with the target in the upper Target Zone of 4,968–4,925.

XAUUSD Trading Ideas for Today:

Sell near resistance B of 4,734–4,713. TakeProfit: 4,617, 4,500. StopLoss: 4,788.

Euro/Dollar Forecast for Today: EURUSD Analysis

The euro extended its short-term uptrend yesterday. Bulls managed to hold the support B of 1.1687–1.1670, and the price reached the first upside target of 1.1760. If the price breaks above this level, the next upside target will be at 1.1849. Should the asset rise even higher, it may climb to the Target Zone 2 of 1.1972–1.1950.

If the euro price settles below the support B, the trend will shift to a downtrend. In this case, consider short trades, with the target in the lower Target Zone of 1.1525–1.1492.

EURUSD Trading Ideas for Today:

Watch the market.

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Price chart of XAUUSD in real time mode