Category: Forex News, News
Technical analysis of US Crude, XAUUSD and EURUSD for Today (August 4, 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.
Crude remains under selling pressure.
The article covers the following subjects:
Major Takeaways
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USCrude: Oil remains under selling pressure, with the downside target at 77.14.
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XAUUSD: Gold continues to trade in a short-term downtrend.
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EURUSD: The euro is undergoing a correction.
Oil Price Forecast for Today: USCrude Analysis
Oil remains under selling pressure, with the next downside target at 77.14. If the price slides below this level, the Gold Zone of 76.63–76.24 will likely be tested. If sellers push the price below that area, the next downside target becomes the 72.07–71.26 Target Zone.
On the upside, if the price violates the resistance B of 83.57–82.99, it would signal a shift in the short-term trend from bearish to bullish.
USCrude Trading Ideas for Today:
Watch the market.
Gold Forecast for Today: XAUUSD Analysis
Gold remains in a short-term downtrend, with the primary downside target at 3,959. Today, short positions opened at the resistance B of 4,113–4,128 can be maintained.
If gold breaks through the resistance B, a bullish short-term trend may start. In that case, buying opportunities could be considered tomorrow, with the 4,267–4,298 Target Zone as the upside objective.
XAUUSD Trading Ideas for Today:
Hold short trades opened at resistance B 4,113–4,128. TakeProfit: 3,959. StopLoss: at breakeven.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is correcting lower and approaching the support A of 1.1466–1.1474. If this zone holds, long positions can be considered, with initial targets at 1.1512 and 1.1558. Should the price break through 1.1558, it may climb further to the Target Zone of 1.1576–1.1601.
If the support A is pierced, the correction could extend to the support B of 1.1420–1.1432, which marks the boundary of the current trend. This zone may also offer opportunities to open long positions.
EURUSD Trading Ideas for Today:
Buy near support A 1.1466–1.1474. TakeProfit: 1.1512, 1.1558. StopLoss: 1.1445.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of USCRUDE in real time mode
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