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.

USD/JPY is completing a corrective consolidation on H1 with clear bearish dominance. A break below 157.500 opens the way for an impulsive decline toward 156.500.

Natural Gas continues its downtrend after breaking sloping support at 2.720–2.730 on H1. Sellers are now targeting the 2.620–2.630 and 2.600 zones, with geopolitical positivity potentially accelerating the move.

Bitcoin has reached a dense supply zone at $64,500–64,700 on H1. A rejection and decline toward $63,000 looks highly probable, while a breakout above this barrier would significantly improve the bullish outlook.

EUR/USD maintains a strong nine-wave bullish structure on H1, targeting a local high near 1.1570–1.1580. A subsequent profit-taking correction toward 1.1500–1.1510 looks increasingly likely.

Morning Brief: August 5, 2026 XAU/USD trades near $4,176 per ounce, pressing directly against the upper boundary of its multi-week consolidation range.

Brent Crude trades at $78.19 per barrel, extending its sharp sell-off as spot prices break decisively below the $80.00 psychological handle.

WTI has successfully closed the lower gap near $80 and shifted into an upward move toward the upper gap. Strong impulse and momentum support a high-probability advance toward the $83 area.

Gold remains inside a contracting triangle that still offers room for one more session of consolidation. Barring any sudden black-swan events, prices are expected to stay within the 4,030–4,070 range, while the longer-term bias remains bearish.

Weakness of the bulls on USD/JPY is being confirmed. The current upward technical correction lacks any real strength or momentum, making a rejection at the nearest strong resistance the most likely outcome.