Midweek Market Outlook – 26 / August / 2026

Midweek markets are heating up with Gold targeting 4,773, EUR/USD eyeing 1.1729, Bitcoin pushing toward $92,128, and WTI crude watching $88.51. Here’s where the key support and resistance levels could shape the next big moves. 

METALS – GOLD 

Market Context

XAU/USD remains bullish on the 1H chart, with price respecting the rising trendline and holding above the 4,606 support area. The structure favors buying while the trendline and support remain intact.

Bearish Scenario

A clean break and close below 4,606, followed by a break of the rising trendline, could trigger further downside. Key levels are 4,573, 4,550 and 4,526 with deeper support around 4,497 and 4,450.

Bullish Scenario

If price holds 4,606 and rejects the trendline support, buyers could target 4,773. A sustained break above the 4,650 – 4,680 area would strengthen the bullish continuation.

Set Up

Primary setup: Look for a bullish rejection around 4,606/trendline support before considering a long position.
Target: 4,773

Invalidation: Sustained break below 4,606/trendline

Alternative: Short only after a confirmed bearish break and retest below 4,606.

FOREX – EURUSD

Market Context

EUR/USD remains bullish on the 1H chart, with price respecting the rising trendline and holding around the 1.1668 support area. The structure favors buying while the trendline remains intact.

Bearish Scenario

A clean break and close below 1.1668, followed by a break of the rising trendline, could trigger further downside. Key levels are 1.1647, 1.1630 and 1.1619 with deeper support around 1.1607 and 1.1593.

Bullish Scenario

If price holds 1.1668 and rejects the trendline support, buyers could target 1.1729. A sustained break above this resistance would strengthen the bullish continuation.

Set Up

Primary setup: Look for a bullish rejection around 1.1668/trendline support before considering a long position.
Target: 1.1729

Invalidation: Sustained break below 1.1647 / trendline

Alternative: Short only after a confirmed bearish break and retest below 1.1668.

CRYPTO : BTCUSD

Market Context

BTC/USD is showing strong bullish momentum after a sharp recovery from the $63K area. Price is currently around $79,035, approaching key resistance at $82,754. The structure remains bullish while price holds above the recent breakout zone.

Bearish Scenario

A rejection from $79K–$82.75K followed by a break below $74,248 could trigger a deeper pullback toward $70,938, then $68,437 and $65,937.

Bullish Scenario

A clean daily breakout and close above $82,754 would confirm further upside potential, with the next major target around $92,128.

Set Up

Primary setup: Look for a breakout and retest above $82,754 for continuation longs.
Target: $92,128

Invalidation: Sustained move below $74,248

Alternative: If $82,754 rejects strongly, watch $74,248 for a potential pullback setup.

ENERGY – USOIL 

Market Context

WTI crude is trading around $80.30 after pulling back from the $86–87 area. Price is testing the rising trendline and key support around $80.30, making this a critical decision zone.

Bearish Scenario

A confirmed break below $80.30 and the rising trendline could open the way toward $77.46, followed by $75.23 and $73.66.

Bullish Scenario

If the $80.30/trendline support holds and buyers step in, price could rebound toward $84–86, with the major upside target at $88.51.

Set Up

Primary setup: Watch for a bullish rejection from $80.30 + trendline for a long continuation setup.
Target: $88.51

Invalidation: Sustained break below $77.46

Alternative: Short after a confirmed break and retest below $80.30.