Market Analysis
XAUUSD midweek: gold breaks above 4160, where we are 2026-08-03
Gold is up roughly 89 dollars from Monday's open, having cleared 4172.77 intraday as Hormuz deal hopes ease inflation fears.
2 min readETHUSD trades at 1869.85 as of Wednesday's close, down about 12 points from Monday's open of 1881.65. That works out to a fractional slip of roughly 0.6 percent on the week so far. The high stands at 1882.45, printed Monday, and the low at 1825.21, also set Monday during the week's opening flush. Since then price has clawed back toward the top of that range.
No scheduled economic events landed in the first half of this week. The one macro thread worth noting was a softer than expected PBOC yuan fix on Wednesday, a weaker fixing than the Reuters estimate. That kind of setting tends to lean on broad risk appetite, and ETHUSD's grind off Monday's 1825.21 low held despite that backdrop rather than because of any single catalyst.
The back half of this week carries no scheduled high-impact events in the bundle, so the daily PBOC fixing pattern stays the reference point. If the fix keeps printing weaker than estimates through Thursday and Friday and ETHUSD holds above 1857, the recovery off Monday's low stays intact. If a firmer fix cools broader risk appetite and price loses that level, Monday's 1825.21 low comes back into focus.
As of Wednesday morning, 62.1 percent of LHFX positioning sits long and 37.9 percent short. That skew tells you the midweek consensus leans toward the recovery continuing, with buyers still the larger crowd after the Monday dip was bought back. A crowded long book is worth watching if price stalls near the week's highs.
The line in the sand is 1857, roughly Wednesday's open and the pivot the recovery has been built on. Hold above it and the 1874.73 to 1882.45 zone that capped price earlier this week becomes the next test. Lose 1857 and the range low at 1825.21 is back in play. If you want the same read on Bitcoin, watch whether it tracks or diverges from this move. You can follow both levels live from a single LHFX account.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
