MARKET ANALYSIS
GOLD
Gold prices surged significantly yesterday, reaching a $3,000 peak as expected. The MACD showed increased bullish movement, and the RSI confirmed that buying momentum continues. As momentum remains strong, we anticipate further bullish movement in the coming days, potentially pushing gold to even higher levels.
SILVER
Silver is following a similar trend, with increased bullish momentum. The MACD is rising, and the RSI supports the bullish movement. The EMA200 also reflects the uptrend, indicating that silver prices are likely to continue rising. We expect this trend to persist, and further buying opportunities are likely in the near future.
DXY (US Dollar Index)
The dollar remains steady as it tests the EMA200, despite gold’s impressive rise. This shows some uncertainty surrounding the USD, driven by tariff concerns and potential inflationary pressures from Trump’s policies.
The MACD and RSI are still consolidated, signaling a lack of direction in the USD market. Whether the dollar continues its upward movement or enters a bearish phase will depend on future market developments. We are waiting for more price prints to determine the USD’s next direction.
GBPUSD
The British pound is in a consolidated state, with no significant changes in price movement. We remain neutral on the pound and will wait for a clearer market direction before updating our analysis.
AUDUSD
Similar to GBPUSD, the Aussie dollar remains consolidated, with no clear breakout yet. We are awaiting a more definitive movement to adjust our outlook for this pair.
NZDUSD
The Kiwi is also consolidating, much like the Aussie dollar. We will continue to monitor this pair and await clearer price movement before updating our forecast.
EURUSD
The Euro has experienced increased selling movement, reflecting the modest strength of the dollar. The MACD and RSI suggest that further selling may be likely in the short term, but we need more clarity on market dynamics to be certain. We will monitor the market closely for further signals.
USDJPY
The Japanese yen continues to consolidate, hovering near the EMA200. The pair is respecting the price structure, and the MACD and RSI suggest a continuation of the bearish movement. We expect further selling growth in the coming days.
USDCHF
The Swiss franc is showing increased buying as it tests the EMA200. While the MACD and RSI reflect bullish movement, we still anticipate further selling due to the prevailing market structure. More price action is needed before we make a definitive call on this market.
USDCAD
There are no significant changes in our outlook for the Canadian dollar. We continue to monitor the situation and will update our analysis as new market developments unfold.
COT Reports Analysis
- AUD – WEAK (5/5)
- GBP – STRONG (5/5)
- CAD – WEAK (5/5)
- EUR – WEAK (1/5)
- JPY – STRONG (5/5)
- CHF – WEAK (3/5)
- USD – STRONG (4/5)
- NZD – WEAK (5/5)
- GOLD – STRONG (3/5)
- SILVER – STRONG (4/5)
Final Thoughts
Gold’s rally to $3,000 has been driven by increasing bullish momentum, while silver is poised for further gains. The USD faces uncertainty as market players react to tariff and inflation concerns, awaiting more data to solidify its direction.
We continue to monitor forex volatility and market sentiment closely, particularly in response to any U.S. policy shifts. Traders should remain vigilant as market conditions evolve in the coming days.