Market Watch Today

GOLD -The market has bounced off 2295.536, signaling a calm before a major move expected after the CPI release tomorrow. While the market has bounced off major support, we await further price action to confirm market bias. However, as things stand, there is a significant chance for selling to continue, especially if the price fails to break above 2314.890.

SILVER - The market has traded below 29.900 and has failed to reach the structure at 29.018, indicating volume from buyers at that moment. However, the volume lacked the momentum to push prices above 29.900, suggesting the market is currently more bearish. We need to monitor the market closely, but for now, it seems likely to move sideways.

DXY -The dollar has shown strong bullish momentum with a gap in the market. In the near term, we expect the price to fill the gap before moving further toward higher structures.

GBPUSD - The market has moved sideways after finding support at 1.27006. The price is currently at 1.27256, and we expect further consolidation before the data release. Some movement may occur after the UK releases the Claimant Count change, but it is unlikely to be as impactful as the GDP release tomorrow.

AUDUSD - The market has corrected after bouncing off 0.65869 but has failed to reach 0.66145, indicating weak bullish volume. We expect the market to consolidate in the short term.

NZDUSD - The market has traded between 0.61408 and 0.60954, showing indecision. We are waiting for further price action to confirm the market trend.

EURUSD - The market has returned below the trendline, currently at 1.07637, after opening with a gap. We want to see the market fill the gap before trading lower. As it stands, the bullish structures have been broken, and it is now trading bearishly.

USDJPY - The market formed a W pattern, finding support at 156.516 and breaking through 157.193. It is on a steady rise, creating a pennant. We await further price action.

USDCHF -The market failed to reach 0.90054, showing consolidation at a certain price level. We expect the market to remain consolidated until further data is released.

USDCAD -The market has consolidated between the range of 1.37881 and 1.37435. We await further price action before establishing a bias. Given the current price levels, we expect the market to continue its bullish trend.