GOLD
Gold prices surged significantly today, aligning with broader market expectations and recent economic indicators. As Trump’s tariff plans take center stage, investor sentiment is leaning toward safe-haven assets. The MACD, although crossing lower, is showing increasing bullish volume—suggesting strong buying pressure beneath the surface. The RSI remains sideways, yet prices continue climbing, confirming strong bullish engulfing momentum.
Given current fundamentals and geopolitical tension, we project gold to reach between $3,600/oz and $3,800/oz by year-end, contingent on international developments. Trade timing here is crucial; entries near current consolidation zones can present high-reward opportunities.
SILVER
Silver is echoing gold’s bullish sentiment, with room for continuation. The MACD shows rising volume while the RSI suggests expanding strength. As silver closely tracks gold in volatility, it’s a key metal to watch. Traders should consider breakout entries as silver attempts to push past recent highs.
DXY (US Dollar Index)
The Dollar has broken lower but is now consolidating within a tight range of 104.607 to 104.084. With tariffs looming, uncertainty weighs on USD movement. Both MACD and RSI confirm consolidation. Until new economic indicators emerge, especially regarding inflation or job reports, we expect range-bound price action.
GBPUSD
The Pound remains directionless, reflecting investor hesitation. The MACD and RSI are flat, echoing consolidation. While major currency pairs like GBPUSD often react swiftly to political shifts, the current environment advises patience. Awaiting clarity on US-UK trade relations may reveal ideal trade timing windows.
AUDUSD
The Aussie dollar faces increased selling pressure. The MACD reflects heavy sell-side volume while RSI tracks persistent bearishness. As one of the more volatile major currency pairs, AUDUSD offers potential for continuation shorts. Bearish breakout entries are favored below the 0.6500 level.
NZDUSD
NZDUSD recently broke key support and now tests 0.56859 as resistance. The RSI, having exited overbought territory, points to continued downside. Traders eyeing this major currency pair should remain cautious, but short setups are attractive, especially with weak economic indicators from New Zealand.
EURUSD
The Euro remains stagnant after a failed breakout. Market indecision stems from EU-US policy ambiguity. For now, EURUSD is better suited for range strategies until new economic indicators suggest a directional bias. A confirmed bullish engulfing pattern would re-ignite long interest.
USDJPY
USDJPY is testing the EMA200 with mixed signals. The RSI suggests oversold conditions and the MACD shows a tick in bullish volume. This pair is worth monitoring for possible bullish engulfing candles or breakout entries if the EMA200 holds.
USDCHF
The Franc has unexpectedly shifted from bearish to neutral, now consolidating with growing upside momentum. A confirmed breakout above resistance would flip bias bullish. Wait for clearer economic indicators before entry, as this pair often reacts to geopolitical risk sentiment.
USDCAD
CAD weakness persists, although bullish signals are emerging. The MACD shows rising buy-side volume while RSI signals renewed strength. With oil volatility and trade war discussions influencing sentiment, this major currency pair could offer long setups on confirmed breakout entries.
COT Reports Analysis
Understanding the sentiment from institutional traders provides a broader backdrop for trade timing. Here’s a look at the latest bias:
- AUD – WEAK (5/5)
- GBP – STRONG (5/5)
- CAD – WEAK (4/5)
- EUR – STRONG (5/5)
- JPY – STRONG (4/5)
- CHF – WEAK (5/5)
- USD – STRONG (3/5)
- NZD – WEAK (4/5)
- GOLD – STRONG (4/5)
- SILVER – STRONG (4/5)
These scores suggest where institutional positioning currently leans, adding context to your trading plans.
Final Thoughts
As markets digest political developments and tariff-related uncertainty, traders should focus on technical setups confirmed by economic indicators. Look for bullish engulfing patterns on strong pairs, and favor breakout entries near key levels. With volatility rising, trade timing becomes even more essential.
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