Japanese Candlestick Analysis for 5.08.2026

Hello. Below will be several Forex market trading recommendations for 5.08.2026

XAUUSD

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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

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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