Market Analysis

GOLD

GOLD prices saw a pullback after better-than-expected U.S. JOLTS Job Openings data. While the drop was brief, it provided a retest of the broken structure—a technical behavior common among the 8 Critical Forex & Metal Moves. Now hovering near the EMA200, MACD and RSI show bearish signs, indicating potential further downside. A bounce off the EMA200 would support a bullish continuation, but market watchers should remain cautious.

OECD’s downgrade of U.S. growth to 1.6%—citing erratic tariff policies—adds to the broader backdrop of uncertainty and weakens confidence in the U.S. economy, which could ultimately support GOLD in the coming sessions.

SILVER

SILVER continues to exhibit bullish structure, a standout among the 8 Critical Forex & Metal Moves. Momentum remains healthy, with MACD and RSI maintaining their upward bias. Prices are nearing prior highs, and we expect the bullish trend to continue if macro and Dollar headwinds persist.

DXY

The Dollar made a temporary recovery following the strong JOLTS data, moving it into the spotlight of the 8 Critical Forex & Metal Moves. However, despite improved employment metrics, technical indicators show mixed signals. MACD suggests bullish potential, but price action remains constrained below the EMA200, which could stall further advances unless broken decisively.

GBPUSD

GBPUSD is finding strength again after testing the 1.34998 level. This pair plays a crucial role in the 8 Critical Forex & Metal Moves, with the MACD signaling upward momentum, despite RSI normalization. A retracement or short-term consolidation is possible, but bullish continuation remains the broader expectation.

AUDUSD

The Aussie is regaining bullish structure, testing the EMA200, another notable entry among the 8 Critical Forex & Metal Moves. While MACD points to renewed upside, the RSI suggests possible selling momentum in the short term. Traders should wait for price behavior confirmation before acting, though the longer trend still leans bullish.

NZDUSD

NZDUSD is reversing from its recent highs, making it a pivot pair in the 8 Critical Forex & Metal Moves. The inability to break above 0.60455 led to a bearish retracement. MACD and RSI confirm increased selling pressure, though support near the 0.59796 level and EMA200 may act as a reversal zone. Caution is advised until the structure shifts clearly.

EURUSD

EURUSD has weakened after its recent rise, reflecting its position in the 8 Critical Forex & Metal Moves as one of the more volatile majors. MACD and RSI now show strong bearish volume, though the price action remains within a broader bullish channel. We will wait for a confirmation bounce from support or a break before setting a firm direction.

USDJPY

USDJPY remains technically uncertain, adding to the complexity within the 8 Critical Forex & Metal Moves. While bullish momentum is showing in the MACD and RSI, price is still testing key levels like the EMA200. Despite intraday strength, we maintain a bearish outlook until structure is broken on the upside. This pair requires close monitoring.

USDCHF

The Franc has weakened slightly, but the pair continues to respect bearish technicals, justifying its place in the 8 Critical Forex & Metal Moves. Price is still under the consolidation zone and EMA200. MACD and RSI suggest bullish potential, yet confirmation is lacking. A break above resistance would shift the current bias.

USDCAD

Included in the 8 Critical Forex & Metal Moves, this pair highlights CAD strength in a weakening USD environment. Watch for key breaks to confirm bearish extension. For a deeper look at USD trends, refer to the U.S. Dollar Index (DXY) performance.

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 8 Critical Forex & Metal Moves this week are driven by a blend of macroeconomic data surprises, policy shifts, and technical breakouts. GOLD and SILVER continue to behave as leading indicators for global risk sentiment, while currency majors react sharply to evolving U.S. labor and trade data. Use momentum signals and structure testing (EMA200, consolidation zones) to time high-conviction trades while monitoring key upcoming data points for confirmation or reversal triggers. Visit: https://richsmartfx.com/