DBG Markets: Market Report for Apr 25, 2025

Market Analysis

GOLD GOLD prices have stagnated following yesterdays session, although we did see a rise from the EMA200, which still supports the case for a continuation to the upside. The MACD reflects increased bullish momentum, but the RSI is entering overbought territory, indicating a potential slowdown. We anticipate further buying, but will wait for a clean breakout above the current consolidation zone before confirming.

SILVER SILVER continues to show bullish strength and momentum, with both the MACD and RSI rising, reflecting growing volume on the upside. This strength may suggest that GOLD could temporarily slow down, but theres still room for a breakout. We remain bullish on silver and are watching for continued upside movement in the days ahead.

DXY The Dollar is currently being squeezed into a tight range by the EMA200, which is acting as dynamic resistance. The MACD shows growing bearish volume, while the RSI holds a neutral-to-bullish tone, though it's flattening. We maintain our bearish bias, as price continues to respect the broader bearish structure, and will look for more selling opportunities if this structure holds.

GBPUSD The Pound is gaining strength after bouncing off the EMA200, in line with expectations. Both the MACD and RSI confirm bullish momentum, supporting a continuation of the upside move. However, we acknowledge the possibility of short-term consolidation before further progress. We continue to look for bullish opportunities.

AUDUSD The Aussie Dollar is showing growth after a rebound from the EMA200, sustaining the overall bullish momentum. That said, both the MACD and RSI are showing weakness in directional conviction. Due to this lack of clarity, we remain conservative in this market but will keep an eye open for buying setups.

NZDUSD The Kiwi is also gaining bullish traction, supported by a rising MACD and an RSI thats stabilizing, showing that momentum is being normalized rather than exhausted. Overall market structure remains bullish, and we expect continued buying—albeit with caution as we monitor market sentiment.

EURUSD Euro remains stuck in a range, hovering around the EMA200 with no significant developments. Since structure hasnt changed, we retain our bullish bias but await a clearer directional move to increase confidence.

USDJPY Yen prices have nearly shifted to a bullish structure, but we're seeing bearish volume return on the MACD, suggesting a potential slowdown in upward momentum. Meanwhile, the RSI still reflects bullish pressure. We remain cautious and prefer to wait for a decisive breakout or breakdown before committing to a direction.

USDCHF The Franc is also consolidating, but the MACD and RSI are both showing increased bullish momentum and volume. While we expect buying to continue, price action is heavily dependent on overall market sentiment and confidence in the U.S. Dollar. Without clear progress or resolution on dollar-driven fundamentals, this pair may remain in stagnation.

USDCAD The CAD has pulled back after its second attempt to break above the EMA200. The MACD is showing increased bearish volume, while the RSI is flashing mixed signals, calling for extremes in both directions. This suggests a continued phase of consolidation, and well refrain from taking action until the market defines a clearer trend.