Market Analysis
GOLD
Gold prices have continued to decline, aligning with our bearish outlook. Support at 3168.66 remains intact for now, but selling momentum is increasing. Both the MACD and RSI confirm this bearish pressure, with little sign of reversal. As long as support holds, a temporary pause is possible—but if that level breaks, we anticipate further downside. We continue to seek short opportunities on any bounce near resistance.
SILVER
Silver is tracking gold’s movement with renewed weakness. The MACD and RSI both signal strong downtrend continuation. A breakdown below the current consolidation floor could trigger a sharp decline. Until then, the bias remains short unless the range tightens further and volatility drops. Watch for a test of support as the next signal.
DXY (U.S. Dollar Index)
The Dollar is testing the EMA200 with signs of continued strength. MACD shows a reacceleration of bullish volume, while the RSI, having normalized after a brief overbought stretch, supports more upside. Despite long-term chatter of a weaker Dollar policy, near-term sentiment favors strength. We remain bullish as long as the EMA200 holds.
GBP/USD
The Pound is drifting back into its consolidation range after failing to hold above the EMA200. MACD and RSI reflect growing bearish pressure, raising the risk of a downside breakout. Although still range-bound, our short bias is increasing. A clean break below support would confirm the shift.
AUD/USD
The Aussie remains trapped in consolidation, reacting to USD strength. Technical indicators lean bearish—MACD shows downside continuation and RSI is nearing overbought territory, implying a setup for a potential pullback. If resistance holds, further declines are expected.
NZD/USD
NZD/USD has reversed sharply after failing to sustain a breakout. This move puts the pair back into a bearish structure, confirmed by MACD and RSI indicating increasing selling pressure. A confirmed breakdown below recent support would validate continued downside movement.
EUR/USD
The Euro remains broadly bearish. While there was a minor bounce, MACD suggests selling may return soon. RSI is approaching overbought levels, pointing to a potential short-term top. We maintain caution but expect renewed weakness if the bounce fades.
USD/JPY
The Yen is pulling back toward the EMA200 in a healthy correction. MACD and RSI show growing bearish momentum, but the broader trend remains bullish. As long as support near the EMA200 holds, we treat this as a pullback within an uptrend. Watch for bullish re-entry signals.
USD/CHF
The Franc is gaining upside traction again, bouncing from the EMA200. Both MACD and RSI are turning bullish, suggesting a continuation of the broader uptrend. We favor long positions with upside potential supported by strong technical momentum.
USD/CAD
USD/CAD is rallying, showing strong bullish momentum across both MACD and RSI. Price action respects the bullish structure, and recent strength in the Dollar reinforces the uptrend. We expect continued gains, especially if crude oil prices remain under pressure.
COT Reports Analysis
- AUD – WEAK (4/5)
- GBP – STRONG (5/5)
- CAD – WEAK (5/5)
- EUR – STRONG (4/5)
- JPY – STRONG (5/5)
- CHF – WEAK (3/5)
- USD – MIXED
- NZD – WEAK (3/5)
- GOLD – STRONG (3/5)
- SILVER – STRONG (5/5)
Final Thoughts
Gold and silver remain under pressure as bearish technicals dominate. Meanwhile, the U.S. Dollar is showing resilience, supported by strong momentum on the DXY. Forex pairs like GBP/USD, AUD/USD, and NZD/USD are leaning bearish, while USD/JPY, USD/CHF, and USD/CAD hold their bullish structure. As volatility increases, traders should rely on volatility analysis in forex, cross currency correlations, and solid risk management to navigate short-term swings and potential breakouts.