Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (August 7, 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 reversed its short-term downtrend yesterday.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has pierced the support (B) 65.34 – 64.88.
- XAUUSD: Gold is testing the resistance (B) 3391 – 3380.
- EURUSD: The euro has reversed its downtrend.
Oil Price Forecast for Today: USCrude Analysis
Yesterday, oil reversed its short-term uptrend by breaking through the key support 65.34 – 64.88. Now, the bearish target is the lower Target Zone 60.70 – 59.77. Consider short trades on a correction at the strong resistance (A) 66.03 – 65.76 and resistance (B) 67.54 – 67.13.
The price should breach the 67.54 level and close higher in the US trading session to create buying opportunities and reverse the trend.
USCrude Trading Ideas for Today:
Sell near resistance (A) 66.03 – 65.76. TakeProfit: 64.53, 63.02. StopLoss: 66.58.
Gold Forecast for Today: XAUUSD Analysis
Gold is trading in a short-term downtrend. This week, the price has reached the resistance (B) 3391 – 3380 but has not pierced it yet. Therefore, short trades can be considered near this zone with the first target of 3330 and the second one near 3268.
If the asset breaks through the resistance (B) today, the short-term downtrend will reverse. In this case, consider long trades with the main target in the upper Target Zone of 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
Yesterday, the euro reversed its short-term downtrend and broke through the resistance 1.1616 – 1.1595. Now, the bullish target is the upper Target Zone 1.1840 – 1.1799. Consider long trades on a correction at the strong support (A) 1.1543 – 1.1530 and support (B) 1.1475 – 1.1455.
The price should pierce and settle below the 1.1455 level to create selling opportunities and reverse the uptrend.
EURUSD Trading Ideas for Today:
Buy near support (A) 1.1543 – 1.1530. TakeProfit: 1.1605, 1.1680. StopLoss: 1.1502.
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Price chart of USCRUDE in real time mode
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