Crude Oil, Gold, and EUR/USD Technical Outlook: Key Levels for November 4, 2026

This analysis provides a price forecast for US Crude, XAU/USD, and EUR/USD using a combination of margin zones and technical analysis, offering entry signals for intraday traders.

The euro has climbed to its highest level since November 2, retesting the 1.1230–1.1243 resistance zone.

Major Takeaways

• US Crude: Oil remains in a short-term downtrend.
• XAU/USD: Gold is testing resistance zone B at 4,037–4,022.
• EUR/USD: The euro is testing the boundary of a short-term downtrend.

Oil Price Forecast: US Crude Analysis

Oil prices are undergoing an upward correction within the broader short-term downtrend. Should price reach resistance zone A at 97.35–97.79, consider initiating short positions with an initial target at 95.35 and a secondary target at yesterday’s low of 92.92.

If resistance A is breached, the correction could extend toward resistance zone B at 99.56–100.23, which marks the boundary of the prevailing trend. This zone may offer another opportunity to enter short positions.

US Crude Trading Ideas for Today:

Sell near resistance A (97.79–97.35). Take Profit: 95.35, 92.92. Stop Loss: 98.86.

Gold Forecast: XAU/USD Analysis

Today, gold pierced resistance zone A (3,971–3,981) and advanced to resistance zone B (4,022–4,037). This latter zone marks the boundary of the short-term downtrend. Consequently, consider opening short positions near this area, targeting 3,954 and 3,870.

However, a decisive break above resistance zone B would signal a potential trend reversal. In that scenario, from the next trading session, consider long positions targeting the upper Target Zone at 4,174–4,205.

XAU/USD Trading Ideas for Today:

Sell near resistance B (4,037–4,022). Take Profit: 3,954, 3,870. Stop Loss: 4,069.

Euro/Dollar Forecast: EUR/USD Analysis

Yesterday, the euro reached its first bearish target of 1.1173 after reversing from resistance zone B (1.1230–1.1243). Following that move, the pair entered an upward correction driven by U.S. dollar weakness amid the midterm elections.

Today, EUR/USD has exceeded its November 2 high and retested resistance zone B. If bears defend this area again, consider short positions with targets at 1.1173 and 1.1104.

If resistance zone B is violated, the short-term downtrend may reverse. In that case, from the next trading session, consider long positions targeting the upper Target Zone at 1.1356–1.1381.

EUR/USD Trading Ideas for Today:

Monitor the market for confirmation.

Price Chart of EUR/USD in Real Time

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. 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.

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