Category: Forex News, News
Technical analysis of US Crude, XAUUSD and EURUSD for Today (August 31, 2026)
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.
Last week, gold’s short-term trend turned bearish.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has bounced off the trend boundary of 81.30–80.70 and reached the first target of 84.02.
- XAUUSD: Gold is trading within a short-term downtrend.
- EURUSD: The euro has declined to the key support of 1.1585–1.1572 within the short-term uptrend.
Oil Price Forecast for Today: USCrude Analysis
Last week, oil tested the key support of 81.30–80.70 within the short-term uptrend. Bulls managed to hold this zone, and the price began to rise, reaching the first buy target of 84.02 today. The next target is the August high of 87.36. Therefore, consider keeping the remaining long positions open with a stop-loss order at breakeven.
USCrude Trading Ideas for Today:
Hold part of long trades opened at support B of 81.30–80.70. TakeProfit: 87.36. StopLoss: at breakeven.
Gold Forecast for Today: XAUUSD Analysis
Last week, gold shifted from a short-term uptrend to a downtrend. Today, the price continued to decline, but it has not yet reached the Target Zone of 4,388–4,358. Currently, the price is correcting higher. If the correction persists, the asset may climb to resistance A of 4,509–4,499. Consider short trades near this zone, targeting 4,453 and 4,396.
XAUUSD Trading Ideas for Today:
Sell near resistance A of 4,509–4,499. TakeProfit: 4,453, 4,396. StopLoss: 4,534.
Euro/Dollar Forecast for Today: EURUSD Analysis
Last week, the euro reached the key support of 1.1585–1.1572 within the short-term uptrend. Long trades can be considered near this zone, with the first target at 1.1642 and the second one around 1.1711.
If the EURUSD pair breaks below the support zone B of 1.1585–1.1572, the trend will turn bearish. In this case, one may consider short trades on the next trading day, targeting the lower Target Zone of 1.1459–1.1434.
EURUSD Trading Ideas for Today:
Buy near support B of 1.1585–1.1572. TakeProfit: 1.1642, 1.1711. StopLoss: 1.1540.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of XAUUSD in real time mode
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