Market Analysis
GOLD
Gold prices remain consolidated, aligning with our expectations. While prices are holding steady, signs of a slowdown are emerging. The focus is now shifting to the potential reciprocal tariffs the U.S. administration may introduce on April 2, causing some uncertainty in the market. We maintain our readings from yesterday and continue to watch for a decisive break in either direction. A breakout could present new opportunities depending on the market’s reaction to tariff news.
SILVER
Silver prices have shown growth despite the slowdown in gold. This upward movement has shifted the overall momentum to bullish, with the MACD indicating increasing bullish volume. The RSI reflects strengthening bullish momentum as well. The 34.0252 level remains a strong resistance; if prices break above this structure, we expect further buying. Failure to break this resistance will likely result in extended consolidation.
GBPUSD
The British pound has experienced increased bullish movement after failing to sustain its previous shift. The MACD shows steady bullish volume growth, and the RSI confirms an uptick in bullish momentum. With prices holding above the EMA200, we anticipate continued buying in the coming days. However, we await a clear breakout from the consolidation zone for further confirmation.
AUDUSD
The Australian dollar is gaining bullish momentum, with both the RSI and MACD indicating increased upward growth. However, prices remain trapped within a broader consolidation range, and we refrain from making directional calls until a clearer breakout occurs. For now, we expect continued consolidation and caution before confirming a trend shift.
NZDUSD
The Kiwi remains consolidated with minimal movement, failing to break below the previous low. The MACD shows steady bullish growth, and the RSI signals a normalization of buying pressure. However, a decisive breakout in either direction is needed to establish a clear bias. We remain on standby, waiting for more price action before taking a position.
EURUSD
The Euro faces increased selling pressure but struggles to break below the previous higher swing low. Both the MACD and RSI are not providing clear direction, leaving the market in a state of indecision. Despite this, the overall structure remains bearish. We maintain a bearish bias but will wait for a more definitive break before taking a position.
USDJPY
The Yen is seeing increased bullish movement as concerns over U.S. tariffs grow. The RSI signals overbought conditions, suggesting a potential sell-off to normalize the price action. However, the MACD continues to show strong bullish volume, indicating that the exaggerated selling volume is not justified. If the price breaks above 150.883, there is a higher probability of continued bullish movement.
USDCHF
The Swiss franc remains in consolidation. We refrain from making any directional calls until a clear breakout occurs. The market remains in a range, and further clarity is needed to determine the next move.
USDCAD
The Canadian dollar is experiencing increased selling momentum but remains within a long-term range. While the likelihood of continued selling is high, we await a definitive break to confirm a bearish trend. Market participants are closely watching the upcoming U.S. tariff implementation, which could provide more clarity on the CAD’s direction.
COT Reports Analysis
- AUD – WEAK (4/5)
- GBP – STRONG (5/5)
- CAD – WEAK (4/5)
- EUR – STRONG (5/5)
- JPY – STRONG (4/5)
- CHF – WEAK (4/5)
- USD – STRONG (3/5)
- NZD – WEAK (4/5)
- GOLD – STRONG (5/5)
- SILVER – STRONG (5/5)
Conclusion
With statistical forex analysis, data-driven trading strategies, and quantitative risk assessment, this market update highlights key trends and trading opportunities across gold, silver, and forex markets. Machine learning forex models and algorithmic market predictions suggest that gold will likely remain range-bound until a decisive move occurs. In forex, the U.S. dollar is seeing strength, while currencies like GBP, AUD, and NZD are facing mixed momentum.
As market participants await the impact of potential U.S. tariffs, caution remains necessary. Look for key breakouts in currency pairs such as GBPUSD, EURUSD, and USDJPY, as these markets are likely to offer trading opportunities based on their upcoming movements. Keep an eye on global news and U.S. economic data, as these will drive further market shifts.