Short-Term Outlook for Oil, Gold, and EURUSD on 02.04.2026
Market Outlook for Oil, Gold, and EUR/USD
Greetings, traders! I've put together a fresh price outlook for US Crude, Gold (XAUUSD), and the EUR/USD pair, utilizing both margin zone strategies and technical analysis. This assessment highlights potential entry opportunities for those trading within the day.
Gold has recently dropped to a significant support level within its ongoing short-term upward trend. In yesterday’s session, oil prices also touched their primary support area, ranging from 95.18 to 94.36. Buyers successfully defended this zone, keeping prices above it. Today, oil is showing upward momentum, already approaching its initial target at 98.88. Should this strength persist, the next bullish objective is the March 31 peak at 103.39. A breakout above that level could pave the way for further gains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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