Gold (XAU/USD) Morning Brief: August 10, 2026
Gold (XAU/USD) trades near $4,348 per ounce, carrying strong momentum after completing its best weekly performance since January 2026.
Gold (XAU/USD) trades near $4,348 per ounce, carrying strong momentum after completing its best weekly performance since January 2026.
Brent Crude trades near $82.37 per barrel, holding near the upper bound of its recent range as active maritime friction across Middle Eastern chokepoints continues to anchor energy prices.
WTI remains under technical pressure after a fully formed upward correction. Bears are positioned for a fresh downward swing toward the recent low at 73.50, with NFP data and US–Iran talks as key near-term catalysts.
USD/JPY remains tightly consolidated ahead of today’s key US macroeconomic data. A clear directional impulse is expected once the figures are released, with 158.300 and 158.600 acting as the primary control levels.
EUR/USD is testing critical medium-term trendline support at 1.1515–1.1520 ahead of today’s Non-Farm Payrolls release. A break lower would end the uptrend and open the path toward 1.1400.
Gold is completing a W-shaped reversal pattern on the H4 chart. Resistance in the $4,315–4,355 zone is expected to prove difficult for bulls to overcome, raising the likelihood of a pullback toward $4,200.
BTC/USD trades around $63,340, maintaining its tight range as institutional demand clashes with ongoing capitulation across miner and long-term holder cohorts.
Brent Crude trades near $82.00 per barrel, staging a sharp recovery as expanding Middle Eastern security risks re-inject a substantial geopolitical premium back into energy futures.
GBP/JPY’s sharp upward correction has largely run its course. Bears must now push lower from current levels to keep the downtrend intact, with targets at 212.00–211.00 and potentially below 210.00.
WTI remains tightly compressed between $73.50 and $76.00, with an unclosed gap still open near $83. A break of either boundary could unleash volatility, while geopolitical news from the Strait of Hormuz remains a key external factor.
USD/JPY remains locked in a shallow upward correction inside the 157.700–158.500 triangle. The accumulation looks bearish and may precede another leg lower toward 157.000, with non-farm payrolls as a potential catalyst.
EUR/USD on the H1 timeframe has symbolically refreshed its high, only for buyers to lose steam. A potential Double Top and break of the local trend line now open the way for a move toward 1.1450.
BTC/USD trades at $64,777 as spot prices maintain a tight consolidation range above key demand. The $63,000 area has established itself as the primary volume battleground between buyers and sellers.
Brent Crude trades near $78.91 per barrel, establishing a temporary consolidation floor after a sharp -11% collapse across the past three trading sessions.
GBP/USD is trading inside a «Cardiogram» pattern with brief spikes beyond the horizontal range. A fresh breakout looks unlikely today, pointing to a reversal lower from the 1.3500 resistance zone.