Japanese Candlestick Analysis for 5.08.2026
Hello. Below will be several Forex market trading recommendations for 5.08.2026
XAUUSD


On Gold, for several weeks now we have continued moving sideways above the 4000.00 level. I think we will make an upward breakout here and make a correction toward the 4366.19 level. After that, we will already look at the price reaction and think further. I will try to look here intraday for buys with targets at least at the upper boundary of 4195.51 and then at 4366.19. I am not considering sales here for now.
XAGUSD

On Silver there is a similar situation, but the sideways movement was squeezed rather into a triangle, from which we are just exiting. Here I will also watch for buys on a pullback back. The first target is at the high of 63.26; if we pass it with momentum, then it can be held to the 71.77 level. I am not considering sales here for now.
Sincerely, Artem aka TeaDrinker