Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (August 5, 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.
The euro is testing the resistance (B) 1.1616 – 1.1595.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil is trying to break through the support (B) 65.34 – 64.88.
- XAUUSD: Gold is testing the resistance (B) 3391 – 3380.
- EURUSD: The euro is trading in a short-term downtrend.
Oil Price Forecast for Today: USCrude Analysis
Oil is trading in a correction within the short-term uptrend. The price is testing the support (B) 65.34 – 64.88. If the asset remains above this zone, it may continue growing to the first target of 67.44 and the second one of 70.01.
If the price pierces the support (B) today, the short-term uptrend will reverse. In this case, consider short trades with a target in the lower Target Zone 60.70 – 59.77, starting from the next trading day.
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 maintaining its short-term downtrend. This week, an upward correction is developing. The price is testing the resistance zone 3391 – 3343, but bears are keeping the quotes within this area. Therefore, consider short trades near this zone today with the first target of 3317 and the second one at last week’s low near 3268.
If the asset breaks through the 3391 level 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 3365. TakeProfit: 3317, 3268. StopLoss: 3390.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is testing the resistance (B) 1.1616 – 1.1595, the short-term downtrend’s boundary. At the moment, the price is trading below this zone. Therefore, consider short trades near this zone with the first target of 1.1503 and the second one at last week’s low of 1.1391.
If the price breaches the resistance (B) today, the short-term downtrend will reverse. In this case, one may consider long trades with a target in the upper Target Zone 1.1804 – 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.
P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂
Useful links:
- I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
- Use my promo code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
- Telegram chat for traders: https://t.me/litefinancebrokerchat. We are sharing the signals and trading experience.
- Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/litefinance
Price chart of EURUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
