26.08.202607:01 Forex Analysis & Reviews: Trading Signals for EUR/USD on August 25-27, 2026: sell below $4,670 (21 SMA - 6/8 Murray)

Relevance up to 01:00 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Gold is trading around $4,659 under downward pressure after reaching a high of $4,696. On the chart, we can see that a technical bounce has occurred toward the 61.8% Fibonacci level. If the price remains below the 8/8 Murray line, we could see it preparing for a continuation of the downward trend.

In the coming hours, we could sell gold below $4,670, as we observe a small downtrend channel forming from its high of $4,696. The instrument could likely reach $4,630 and $4,600 over the next few hours. Ultimately, gold could fall to the 5/8 Murray level around $4,531.

Gold has strong support around $4,512; this level, in turn, lies above the psychological threshold of $4,500, so it could provide solid support and might be seen as an opportunity to open long positions only if a technical rebound occurs in this zone.

If gold continues to rise in the coming hours and reaches the 6/8 Murray level around $4,687. If it fails to break above this zone, we could view this as an opportunity to open short positions in anticipation of a drop to $4,500 in the coming days.

Our trading plan for the coming hours is to sell gold below $4,687 or $4,670, with targets at $4,620, $4,570, and $4,531; the Eagle indicator is showing a negative signal.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.