Market Analysis
GOLD
GOLD prices pulled back after hitting a high above 3,391.26, a key move among the 12 Top Forex & Metal Setups this week. The retracement appears to be healthy profit-taking as traders await U.S. job data. MACD and RSI indicate bullish potential within consolidation. We expect a continuation higher once price clears this range, with the EMA200 acting as a possible bounce zone.
SILVER
SILVER stands out in the 12 Top Forex & Metal Setups, showing strength even as GOLD corrected. The bullish trend remains intact, with MACD and RSI confirming momentum. We expect a continuation higher as SILVER tracks alongside GOLD’s trajectory near record highs.
DXY
The Dollar is in a holding pattern, but technicals point to further weakness—a core highlight of the 12 Top Forex & Metal Setups. MACD shows increased selling volume, while RSI reinforces momentum. The U.S. employment report will be key in determining if the bearish bias deepens or reverses.
GBPUSD
The Pound attempted a breakout above the previous high but retreated slightly. Still, it remains one of the strongest signals in this week’s 12 Top Forex & Metal Setups. With bullish MACD and RSI trends, we expect further buying. A minor retracement may occur, but the broader trend remains intact.
AUDUSD
AUDUSD tested the 0.65250 level and failed to break it but still shows bullish potential. As one of the 12 Top Forex & Metal Setups, it sits inside a consolidation range with a probable breakout higher. MACD and RSI confirm rising momentum, supporting more long-side opportunities.
NZDUSD
The Kiwi continues to show signs of bullish continuation, placing it within the 12 Top Forex & Metal Setups. Despite falling below 0.60455, MACD and RSI show positive momentum. A bounce from the EMA200 or oversold RSI could trigger the next upward move.
EURUSD
The Euro remains bullish despite a failed breakout attempt. Within the 12 Top Forex & Metal Setups, EURUSD maintains trend strength, supported by normalized RSI and bullish MACD. We continue to look for long entries as price action stays structurally positive.
USDJPY
USDJPY enters a potential consolidation phase. Although momentum has stalled, it’s still a notable pair within the 12 Top Forex & Metal Setups due to its bearish structure. We await a confirmed break to resume directional bias, with overall expectations leaning toward further downside.
USDCHF
USDCHF is hovering in consolidation following a failed break above the EMA200, signaling a bearish bias that earns its spot in the 12 Top Forex & Metal Setups. MACD and RSI are neutral for now, but if bearish continuation resumes, we’ll look for new short opportunities.
USDCAD
USDCAD is trending lower as CAD strength dominates. This pair rounds out the 12 Top Forex & Metal Setups with clear bearish momentum, supported by MACD and RSI signals. We expect more downside, especially if U.S. data underwhelms or oil prices rise.
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 12 Top Forex & Metal Setups this week are being shaped by anticipation ahead of critical U.S. employment data. While markets consolidate, MACD and RSI help traders identify which assets are gathering momentum for their next breakout. Whether it’s safe-haven flows into GOLD and SILVER, or continued strength in pairs like GBPUSD and AUDUSD, staying patient and technical in this data-sensitive environment will be key to finding high-probability trade entries. Visit: https://richsmartfx.com/
