Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (August 4, 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.
Last Friday, the euro entered an upward correction.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is rising after hitting the support (A) 66.90 – 66.59.
- XAUUSD: Gold is trading in a short-term downtrend.
- EURUSD: The euro is testing the resistance (B) 1.1616 – 1.1595.
Oil Price Forecast for Today: USCrude Analysis
Oil is testing the support (A) 66.90 – 66.59, but bulls are keeping the price within this zone. Therefore, long trades can be considered near this zone today with the first target of 68.29 and the second one near last week’s high of 70.01.
If the asset breaks below the support (A) today, the correction will continue to the support (B) 65.34 – 64.88, the short-term uptrend’s boundary. Therefore, once the price reaches this zone, long trades can be considered.
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
Last week, gold traded in a short-term downtrend. At the end of the trading week, an upward correction started, and the price approached the resistance of 3365.
If bears manage to hold the price below the 3365 level today, consider short trades with the first target of 3317. If the asset breaks below 3317, the next bearish target will be last week’s low of 3268.
The price should pierce the 3391 level to create buying opportunities and reverse the trend.
XAUUSD Trading Ideas for Today:
Sell near 3365. TakeProfit: 3317, 3268. StopLoss: 3390.
Euro/Dollar Forecast for Today: EURUSD Analysis
Last Friday, the euro hit the resistance (B) 1.1616 – 1.1595 during an upward correction within the short-term downtrend. Today, the price opened below the resistance (B). Therefore, the short-term downtrend remains intact. In this connection, consider short trades today with the first target of 1.1503. If the asset pierces the 1.1503 level, the next bearish target will be last week’s low of 1.1391.
If the price breaks above the resistance (B) today, the short-term downtrend will reverse. In this case, consider long trades with a 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.
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Price chart of EURUSD in real time mode
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