Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (August 6, 2025)
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Gold is trading in a short-term downtrend.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is trying to rise after hitting the support (B) 65.34 – 64.88.
- XAUUSD: Gold is testing the resistance (B) 3391 – 3380.
- EURUSD: The euro is trading below the resistance (B) 1.1616 – 1.1595.
Oil Price Forecast for Today: USCrude Analysis
Oil is testing the short-term uptrend’s key support 65.34 – 64.88, but bulls are holding the price near this zone. Therefore, consider long trades today with the first target of 67.44 and the second one near 70.01.
An alternative scenario suggests that if the asset consolidates below the key support, the short-term uptrend will reverse. In this case, the price may drop to the lower Target Zone 60.70 – 59.77.
USCrude Trading Ideas for Today:
Buy near support (B) 65.34 – 64.88. TakeProfit: 67.44, 70.01. StopLoss: 64.00.
Gold Forecast for Today: XAUUSD Analysis
Gold is trading in an upward correction within the short-term downtrend. The price tested the key resistance of 3391 – 3380 but failed to break through it. Therefore, consider short trades today with the first target of 3330 and the second one at the last week’s low of 3268.
If the asset pierces the resistance (B) today, the short-term downtrend will reverse. In this case, consider long trades with a target in the upper Target Zone 3515 – 3493, starting from the next trading day.
XAUUSD Trading Ideas for Today:
Sell near resistance (B) 3391 – 3380. TakeProfit: 3330, 3268. StopLoss: 3414.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro continues to trade in correction within the short-term downtrend. The price is holding near the key resistance 1.1616 – 1.1595. Consider short trades near this zone with the first target of 1.1503 and the second one near 1.1391.
If the price breaks through the resistance (B) 1.1616 – 1.1595 today, the short-term downtrend will reverse. In this case, consider long trades with the main target in the upper Target Zone 1.1840 – 1.1799, starting from the next trading day.
EURUSD Trading Ideas for Today:
Sell near resistance (B) 1.1616 – 1.1595. TakeProfit: 1.1503, 1.1391. StopLoss: 1.1657.
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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