Market Analysis
GOLD
Gold and silver rally as gold prices have reached a new high and are poised to maintain their bullish trend in the coming days. While momentum slowed slightly compared to previous sessions, the MACD and RSI continue to show strong growth in bullish volume and momentum. This technical strength supports an ongoing uptrend. We remain bullish on gold and will closely monitor for further buying opportunities. Traders should consider precise market entry strategies near breakout zones to maximize gains.
SILVER
Silver demonstrated stronger price action than gold in the prior session, possibly due to gold’s higher valuation prompting investors to shift focus. Silver’s appreciation is expected to continue alongside gold’s rally. Both MACD and RSI reflect steady bullish volume and momentum. Prices are approaching a key breakout level at 33.5028; a decisive break here would signal additional upside potential. Use trading signal indicators to confirm breakout strength.
DXY (U.S. Dollar Index)
The U.S. Dollar continues to show underlying weakness but remains mostly sideways in price action. Both MACD and RSI indicate sustained bearish pressure. We maintain a bearish outlook on the dollar and anticipate further sell-side opportunities in dollar-related pairs. Caution and optimal trade timing are advised for entries.
GBP/USD
The Pound sustains bullish momentum, though price is consolidating. MACD and RSI support continued buying interest. Further upside is expected as long as the structure holds. We remain bullish and recommend watching for re-entry opportunities following breakouts or retracements.
AUD/USD
The Australian dollar remains in consolidation with no clear directional changes. Technical indicators suggest a neutral stance until a decisive breakout confirms trend direction.
NZD/USD
The Kiwi remains under pressure below a key resistance but shows growing bullish momentum via MACD and RSI. This increases the likelihood of bullish continuation, though a clear structural break is needed to confirm. We remain cautiously optimistic.
EUR/USD
Euro prices have returned to a range-bound consolidation. Despite a failed sell-off attempt, resistance at the upper boundary remains intact. MACD and RSI indicate a healthy bullish trend. We will watch for a breakout above this ceiling to confirm further upside potential but maintain a cautious bullish bias until then.
USD/JPY
The Yen shows sustained bearish momentum, supported by MACD and RSI. Selling pressure continues, and further downside is anticipated in upcoming sessions. Traders should seek additional sell opportunities.
USD/CHF
The Franc gains strength against the dollar but remains within consolidation boundaries. Despite muted price gains, bearish momentum persists as indicated by overbought RSI and rising MACD. We expect further downside and will continue to target short setups unless price action indicates otherwise.
USD/CAD
The Canadian dollar strengthens against the dollar amid ongoing bearish pressure. Despite a recent bounce, MACD and RSI continue to confirm a bearish trend. We expect this trend to persist, watching for additional short-side trades.
COT Reports Analysis
- AUD – WEAK (5/5)
- GBP – STRONG (3/5)
- CAD – WEAK (5/5)
- EUR – STRONG (5/5)
- JPY – STRONG (3/5)
- CHF – WEAK (5/5)
- USD – MIXED
- NZD – WEAK (4/5)
- GOLD – STRONG (5/5)
- SILVER – STRONG (4/5)
Final Thoughts
Gold and silver continue their strong bullish momentum as the U.S. Dollar experiences ongoing weakness, creating favorable conditions for precious metals and commodity-linked currencies. Key breakout levels are approaching across multiple currency pairs, including GBP/USD, which remains positioned for potential upside. However, traders should exercise caution due to consolidation phases observed in pairs like AUD/USD and EUR/USD, where price action remains range-bound and market direction is less clear. Overall market sentiment currently favors further gains in precious metals and selected forex pairs, but volatility and uncertainty persist. For best trading results, it is essential to align entries with precise market entry points and reliable trading signal indicators. Visit: https://richsmartfx.net
