Market Analysis
GOLD
GOLD leads the 11 Best Forex & Metal Trades this week after retreating from a new high above 3,391.26. The pullback is seen as healthy profit-taking ahead of the U.S. jobs report. MACD and RSI remain supportive of bullish continuation after consolidation. A breakout from the current range will be the key trigger for a fresh long setup.
SILVER
SILVER continues its climb, even with GOLD cooling off, making it a strong performer among the 11 Best Forex & Metal Trades. Buyers appear confident, and momentum indicators (MACD and RSI) support continued upward movement. We’re looking for further highs if GOLD stays elevated.
DXY
The Dollar is under pressure as traders await critical jobs data. Within the 11 Best Forex & Metal Trades, DXY signals weakness, with MACD and RSI showing increased bearish volume. The NFP, unemployment, and wage data will likely decide the next leg, but for now, bearish momentum dominates.
GBPUSD
GBPUSD briefly broke its high and pulled back, but maintains bullish momentum, earning a spot in the 11 Best Forex & Metal Trades. MACD and RSI show growing strength. A deeper retracement is possible, but the structure supports continuation higher in the near term.
AUDUSD
AUDUSD tested resistance at 0.65250 but didn’t break. Still, it holds bullish structure and remains a strong entry among the 11 Best Forex & Metal Trades. Price is inside a larger consolidation, but indicators support potential breakout to the upside.
NZDUSD
The Kiwi’s structure shows bullish promise, placing it confidently in the 11 Best Forex & Metal Trades. After a short-lived rise above 0.60455, prices retraced. Yet, MACD and RSI still reflect bullish volume. A bounce from the EMA200 or an oversold RSI would likely trigger a continuation higher.
EURUSD
The Euro is trending higher after failing to break its high on the first attempt. With solid MACD and normalized RSI momentum, EURUSD joins the 11 Best Forex & Metal Trades for its bullish setup. We continue to look for long entries while price structure holds.
USDJPY
USDJPY is caught in consolidation with a bearish tilt, making it part of the 11 Best Forex & Metal Trades from a short-side setup. Though we wait for confirmation, the price action and structure favor selling on breaks below current levels.
USDCHF
USDCHF continues to respect its bearish setup after failing to break above the EMA200. As part of the 11 Best Forex & Metal Trades, the pair’s consolidation hints at more selling if structure fails. MACD and RSI currently support a neutral to bearish bias.
USDCAD
USDCAD is trending downward with momentum. With MACD and RSI showing growing bearish volume, it rounds out the 11 Best Forex & Metal Trades. The Canadian dollar is gaining ground, especially as USD/CAD nears prior lows. More downside may follow on continued macro support for CAD.
COT Reports Analysis
AUD – WEAK (5/5)
GBP – STRONG (5/5)
CAD – WEAK (5/5)
EUR – STRONG (3/5)
JPY – STRONG (3/5)
CHF – WEAK (4/5)
USD – MIXED
NZD – WEAK (4/5)
GOLD – STRONG (3/5)
SILVER – STRONG (5/5)
Final Thoughts
The 11 Best Forex & Metal Trades this week are unfolding under the shadow of the U.S. jobs report. Markets are positioned for volatility, but the technical setups remain clear. Momentum favors strength in GBP, EUR, AUD, and the metals, while the Dollar shows increasing signs of weakness. Keep an eye on breakout levels, structure rejections, and volume confirmation to execute high-probability entries in today’s key release-driven environment. Visit: https://worldquestfx.com/