Market Analysis
GOLD
Gold prices rose significantly yesterday, reaching a peak of $3,000 as anticipated. The MACD showed increased bullish movement, and the RSI confirmed strong buying momentum. This rally is expected to continue as long as the bullish momentum remains intact.
As gold continues to rise, traders should look for buying opportunities in the near term, with the potential for gold to continue breaking records if momentum persists.
SILVER
Silver prices are also seeing increased bullish movement. The MACD is rising higher, confirming the uptrend, while the RSI supports continued bullish momentum. The EMA200 is following the price increase, which adds to the confidence in further gains.
Expect continued upward movement in silver, particularly if gold maintains its bullish trend. Silver should follow suit, providing buying opportunities for traders.
DXY (Dollar Index)
The U.S. dollar is currently steady as it tests the EMA200, despite the increase in gold prices. This reflects uncertainty surrounding the dollar. The potential for tariffs and inflationary measures under Trump’s policies could add further market volatility.
The MACD and RSI are showing neutral movements, indicating a lack of clear conviction in the dollar’s direction. Further price prints will be necessary to confirm the dollar’s next move, with the possibility of continued bearish or bullish movement depending on the market’s reaction to upcoming data.
GBP/USD
The British pound remains in consolidation, with no significant movement. As we await clearer signals from the market, our outlook remains unchanged.
Further confirmation is needed before adjusting expectations for this pair, as it continues to move sideways.
AUD/USD
The Australian dollar is also in a consolidation phase, with no major directional changes. Like the pound, it is currently range-bound, and a more decisive breakout is needed for further analysis.
We will monitor for clearer breakouts before making any adjustments to our position.
NZD/USD
Similar to the Australian dollar, the Kiwi remains in consolidation. Both the MACD and RSI are showing a lack of significant momentum, suggesting that the market is awaiting a catalyst.
Until a clear breakout occurs, we will hold off on any further predictions.
EUR/USD
The euro is experiencing increased selling movement, reflecting slight growth in the dollar overall. As the dollar continues to gain strength, the euro could face further pressure.
However, as the MACD and RSI suggest a slowdown, we anticipate further selling in the coming days, but will wait for clearer market signals before confirming the euro’s next move.
USD/JPY
The yen continues to consolidate around the EMA200. As expected, price action remains range-bound, but there is a possibility of further selling growth in the coming days.
The MACD and RSI show consistent downward pressure, confirming the bearish outlook for the pair. If this continues, we anticipate further downside in the near future.
USD/CHF
The Swiss franc is experiencing increased buying as it tests the EMA200. Despite this, the overall market structure still favors selling, and we will continue to watch for further developments.
Our outlook remains unchanged, and we anticipate that the franc will eventually revert to its bearish trend.
USD/CAD
We will continue monitoring USD/CAD without making changes to our current reading. The tariff concerns and inflationary pressures will likely play a major role in determining the Canadian dollar’s next move.
We expect continued consolidation in the near future as we await further developments.
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)
Conclusion
Gold and silver prices are currently in strong bullish trends, with gold breaking past $3,000 and silver following suit. The U.S. dollar remains uncertain, with potential policy changes creating volatility.
While GBP/USD, AUD/USD, and NZD/USD remain consolidated, other pairs such as EUR/USD and USD/JPY show potential for further downside.
Traders should continue to monitor developments and wait for clearer signals before making moves, especially regarding interest rate decisions and trade policies.