Where Are Markets Headed Next?

GOLD

Prices briefly pulled back after stronger-than-expected U.S. JOLTS data but found support, testing broken structure levels. MACD and RSI now suggest potential bearish momentum. Watch EMA200 as a key level. Fundamentals still favor bullish continuation due to a softening dollar and OECD growth downgrade for the U.S.

SILVER

Silver saw more buying than gold, likely due to gold's high price. MACD and RSI show healthy bullish momentum. A breakout above 33.5028 could lead to further upside.

DOLLAR (DXY)

Dollar firmed slightly on JOLTS data but remains under pressure. MACD and RSI lean bearish, with markets awaiting more jobs data (ADP, ISM) and potential rate-cut clues. Tariffs and Trumps policy direction remain key risks.

GBP/USD

Pound tested 1.34998 and held. MACD supports bullish continuation, but RSI shows potential for consolidation. Cautiously bullish bias maintained.

AUD/USD

Aussie remains mixed—MACD suggests bullish potential, but RSI hints at selling pressure. Overall outlook remains bullish until structure breaks.

NZD/USD

Kiwi failed to hold above 0.60455 and retraced. MACD/RSI show growing bearish momentum, but the broader trend is still bullish. Watching 0.59796 and EMA200.

EUR/USD

Euro has pulled back but maintains bullish structure. RSI/MACD favor sellers short-term. Await support reaction before reassessing.

USD/JPY

Yen gains as USD/JPY drops to EMA200. While MACD and RSI show growing bullish potential, we maintain a bearish bias until structure shifts.

USD/CHF

Franc weakened slightly, but bearish structure still intact. MACD/RSI hint at rebound potential. Bearish bias remains until a break above resistance.

USD/CAD

CAD shows strength despite dollar rebound. MACD favors downside; RSI nearing oversold. We maintain a bearish outlook.