Gold
GOLD prices unexpectedly found a low, defying prior expectations. Trump’s tariff policies remain unpredictable due to ongoing delays and exemptions, adding to global economic indicators uncertainty. This has strengthened gold’s appeal as a safe-haven asset, reinforcing its role in capital preservation strategies.
Currently, gold prices maintain an overall bullish structure, supported by forex chart patterns that indicate potential trend continuation. However, both the MACD and RSI have signaled bearish momentum. Traders should watch for a breakout above key resistance levels, which could confirm breakout trading methods in play. Until a more definitive trend emerges, technical analysis will guide market decisions.
Silver
After gold prices reached overvalued levels, SILVER has gained momentum in the bullish trend. A successful breakout above a key resistance level is currently being tested, a move validated by algorithmic trading signals detecting increased buying pressure. The EMA200 is providing robust support, alongside the previous higher swing low.
The MACD is trending downward, and the RSI is reflecting a short-term pullback. However, as these indicators oscillate between overbought and oversold levels, there’s potential for consolidation before another breakout. This aligns with broader capital distribution strategy trends, where traders reposition for the next move.
DXY (US Dollar Index)
The US dollar remains under pressure, continuing its downward trajectory. Profit-taking ahead of potential strength in the coming days has fueled this move. As a result, we maintain a bearish stance in the short term, while acknowledging the possibility of a medium-term recovery.
The MACD remains muted in its buying signals, and the RSI is approaching exaggerated levels despite persistent selling pressure. Additionally, the EMA200 is trending lower, with the critical 106.848 level already broken. These signals highlight a crucial shift in worldwide economic indicators, reinforcing dollar weakness and potential shifts in major currency trends.
GBP/USD
The Pound has gained significant bullish momentum following USD weakness. A structural resistance level has been broken, shifting momentum toward buying. The MACD reflects strong volume despite slow movement, while the RSI is flagging overbought conditions, highlighting weak selling pressure.
Traders following breakout trading methods should monitor price action for sustained movement above key resistance. If this momentum continues, the bullish bias remains intact unless definitive signs of a reversal emerge.
AUD/USD
The Aussie dollar continues its bullish movement, supported by a declining USD. While the MACD is currently crossed lower, trading volume remains minimal, and the RSI signals strong bullish momentum. Algorithmic trading signals confirm a positive bias for AUD as long as technical conditions hold.
Given the market’s reaction to shifts in worldwide economic indicators, particularly trade policies and commodity performance, AUD’s price action suggests further upside potential.
NZD/USD
The Kiwi has regained bullish momentum after last week’s shift in market structure. Holding above the lower boundary of the previous consolidation zone suggests market confidence. Both the RSI and MACD confirm the bullish trend, aligning with price action.
With forex chart patterns indicating continued momentum, NZD/USD remains in an uptrend unless a fundamental shift disrupts the technical outlook.
EUR/USD
The Euro is gaining bullish traction, testing the upper boundary of its previous consolidation range. However, the MACD is oscillating between buy and sell signals, and the RSI lacks a clear directional bias. Despite this, structural forex chart patterns suggest that the breakout remains intact.
Traders should watch for price action around critical resistance levels. If sustained buying pressure persists, it could signal a longer-term shift in EUR/USD.
USD/JPY
The Yen has strengthened following last week’s USD weakness, driven by speculation over a potential BOJ rate hike in May. Price action has broken below a previous swing low, shifting momentum toward the downside.
While the MACD and RSI remain in a consolidated state, breakout trading methods suggest further downside pressure if sellers maintain control. Traders should monitor upcoming worldwide economic indicators for confirmation.
USD/CHF
The Franc has recovered strength over the past few trading sessions. However, the MACD has yet to provide a decisive signal, while the RSI shows increased selling momentum after reaching overbought levels.
Given the overall shift toward dollar weakness, USD/CHF traders should remain cautious. If selling pressure persists, the pair may confirm a longer-term bearish trend.
USD/CAD
The CAD remains relatively weak, showing limited downside movement despite USD softness. The 1.41774 support level is currently holding, which could lead to a short-term bounce if buyers step in. However, prevailing algorithmic trading signals indicate ongoing bearish momentum.
Both the MACD and RSI remain in a consolidated state, offering no strong conviction in either direction. Monitoring price action will be key in determining the next trend move.
COT Reports Analysis
- AUD – WEAK (4/5)
- GBP – WEAK (2/5)
- CAD – WEAK (4/5)
- EUR – WEAK (5/5)
- JPY – STRONG (5/5)
- CHF – WEAK (4/5)
- USD – STRONG (5/5)
- NZD – WEAK (5/5)
- GOLD – STRONG (4/5)
- SILVER – STRONG (4/5)
Conclusion
Gold and silver remain key assets amid ongoing geopolitical and economic uncertainty, with breakout trading methods playing a crucial role in determining market direction. Currency markets reflect a complex mix of worldwide economic indicators, impacting major forex pairs.
Traders should closely monitor forex chart patterns, algorithmic trading signals, and capital distribution strategy to navigate upcoming market movements effectively.
