Market Analysis
GOLD
Gold Hits New Highs and appear poised to continue their bullish trend in the coming days. However, momentum slowed slightly yesterday compared to prior sessions. Despite this, the MACD and RSI both show continued growth in bullish volume and momentum, supporting the overall uptrend. We remain bullish on gold and will continue to monitor for further buying opportunities.
SILVER
Silver saw stronger price action than gold in the previous session, likely due to gold becoming perceived as too expensive, prompting investors to turn to silver as an alternative.
The appreciation in silver is expected to continue in tandem with gold’s rally. The MACD and RSI reflect steady bullish volume and momentum, and prices are now approaching a key breakout level at 33.5028. A decisive break above this level would signal further upside potential.
DXY (U.S. Dollar Index)
The dollar continued to show underlying weakness, although price action was more sideways compared to the prior session. The MACD and RSI both indicate a continuation of bearish pressure. We maintain a bearish outlook and will continue to look for sell-side opportunities in dollar-related pairs.
GBP/USD
The Pound continues its bullish momentum, although price has entered a period of consolidation. Both the MACD and RSI support the continuation of buying, and we expect to see further upside potential as long as the structure holds. We remain bullish and will watch for re-entry opportunities upon breakouts or retracements.
AUD/USD
The Aussie remains in consolidation, and we maintain a neutral stance until a clear directional break occurs. No significant changes are noted at this stage.
NZD/USD
The Kiwi remains pressured below a key resistance, but both the MACD and RSI reflect growing bullish momentum. This increases the probability of a bullish continuation rather than a reversal. However, a clear structural break is required to confirm direction. We remain cautiously optimistic and await confirmation before initiating new positions.
EUR/USD
Euro prices have returned to consolidation within a defined range. While the prior attempt at a sell-off failed, the pair now faces resistance at the upper boundary. The MACD and RSI indicate a healthy bullish trend, and we will continue to monitor for a breakout above this ceiling, which would confirm further upside potential. Until then, we maintain a cautious bullish bias.
USD/JPY
The Yen continues to show bearish movement, with increasing selling pressure. Both the MACD and RSI reflect continued downside momentum, confirming the bearish trend. We will look for further selling opportunities in the sessions ahead.
USD/CHF
The Franc continues to gain strength against the dollar, although price is consolidating within a boundary. The broader bearish momentum remains intact, supported by an overbought RSI and a rising MACD, despite muted price advances. These indicators suggest further downside for USD/CHF, and we will continue to look for short setups unless price action suggests otherwise.
USD/CAD
The CAD continues to strengthen against the dollar, with price action showing a bearish continuation despite a recent bounce from the 1.38402 level. The MACD and RSI support continued selling pressure, and we expect the bearish trend to persist. We will continue to monitor for more short-side opportunities.
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’s rally to new highs is supported by technical momentum and shifts in market sentiment, while the Dollar faces continued downward pressure. Silver’s strength complements gold’s surge, offering investors alternatives amid evolving risk dynamics.
Forex pairs exhibit mixed trends, with bullish moves in GBP/USD and cautious consolidation in others. Monitoring key breakout points and macroeconomic developments remains essential for timely trading decisions. Visit: https://axelprivatemarket.com/