GOLD
Gold prices have remained steady, but with signs of slowing momentum. The MACD and RSI indicate weakening bullish strength, with potential for a short-term retracement. The market is cautious as it awaits news on the U.S. administration’s tariffs. We maintain a bullish outlook long-term but are awaiting a clearer breakout direction.
SILVER
Silver prices have shown increased selling momentum as gold experiences a downturn. Despite some consolidation, silver’s technical indicators point to further selling. We expect additional downside if key resistance levels aren’t broken.
DXY (US Dollar Index)
The U.S. dollar has gained strength following President Trump’s recent comments on tariffs. A bullish shift in sentiment is driving the dollar higher, but further upside depends on breaking key resistance levels. The current bullish momentum appears sustainable in the short term.
GBPUSD
The British pound has experienced selling pressure, with the MACD showing a decline in buying momentum. We expect more selling unless the market shows a clear breakout above key resistance levels.
AUDUSD
The Aussie dollar remains consolidated despite some strength in the U.S. dollar. A clearer breakout in either direction is needed before confirming a stronger bias.
NZDUSD
The Kiwi remains in consolidation, with the MACD showing steady bullish growth. However, without a clear breakout, we are staying cautious and waiting for a decisive move.
EURUSD
The Euro is facing increased selling pressure but has not broken key support. The market remains range-bound, and we expect further downside if resistance continues to hold.
USDJPY
The Japanese yen continues to weaken, with USD/JPY showing bullish momentum. A break above 150.883 could signal further gains for the U.S. dollar.
USDCHF
The Swiss franc remains consolidated, with the possibility of a breakout. If it clears key resistance, bullish momentum could continue.
USDCAD
The Canadian dollar is trading within its established range. We remain cautious and are awaiting a clear breakout before making any directional calls.
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
Gold and silver face some selling pressure, while the U.S. dollar is strengthening. Traders should watch for clear breakouts, particularly in gold and silver, and monitor economic news for further developments.
