Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (August 1, 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.
Oil is trading in a correction within the short-term uptrend.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is trading in a downward correction within the uptrend.
- XAUUSD: Gold is trading in a short-term downtrend.
- EURUSD: The euro is trying to break through the Target Zone 1.1421 – 1.1381 from above.
Oil Price Forecast for Today: USCrude Analysis
Oil is trading in a correction within the short-term uptrend. The bullish target is the upper Target Zone 72.78 – 71.95. Consider long trades on a correction at the strong support levels.
The nearest strong support is at 66.90 – 66.59. If the asset reaches this zone during the correction, consider long trades with the first target of 68.29 and the second one near this week’s high of 70.01.
USCrude Trading Ideas for Today:
Buy near support (A) 66.90 – 66.59. TakeProfit: 68.29, 70.01. StopLoss: 65.99.
Gold Forecast for Today: XAUUSD Analysis
This week, gold reversed its short-term uptrend after piercing the support 3326 – 3315. Now, the bearish target is the lower Target Zone 3214 – 3191.
Short trades can be considered during corrections at the strong resistance (A) 3350 – 3343 and resistance (B) 3391 – 3380, the trend boundary. If the price tests the resistance (A), one may consider short trades with the first target of 3309.
XAUUSD Trading Ideas for Today:
Sell near resistance (A) 3350 – 3343. TakeProfit: 3309, 3268. StopLoss: 3365.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro continues to trade in a short-term downtrend. This week, the asset declined further and eventually reached the lower Target Zone 1.1421 – 1.1381. If the price breaks through this zone, the next bearish target will be the Gold Zone 1.1285 – 1.1272. If the asset remains above the Target Zone, a correction may start.
If the correction develops, the quotes may climb to the resistance (A) 1.1550 – 1.1537. Once this zone is tested, consider short trades again with the first target of 1.1475 and the second one near 1.1401.
EURUSD Trading Ideas for Today:
Sell near resistance (A) 1.1550 – 1.1537. TakeProfit: 1.1475, 1.1401. StopLoss: 1.1578.
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Price chart of USCRUDE in real time mode
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