DBG Markets: Market Report for Aug 05, 2025

Market Analysis

Gold

Gold prices are currently moving toward the resistance level at $3,391.26. A pullback to the EMA200 may follow from this high, after which the uptrend could continue. We will keep looking for bullish opportunities in the coming days.

Silver

Silver is approaching the EMA200. Although short-term indicators like the MACD and RSI show growing bullish momentum, price action has not followed through. The overall bearish market structure remains intact. Therefore, we will continue seeking sell opportunities while monitoring price behavior around this key technical level.

DXY

The U.S. Dollar Index remains in a consolidation phase with no significant change from yesterday. As expected, it continues to trade within the defined range. Our outlook remains neutral until a clear breakout occurs.

GBP/USD

The British Pound maintains an overall bearish structure as it approaches the EMA200, which is acting as resistance. A bullish reversal is possible but would require a clear and strong breakout through this structural barrier. Both the MACD and RSI also show increasing bearish momentum, supporting the current downward trend.

AUD/USD

The Australian Dollar recently tested the EMA200. Technical signals are mixed: the MACD shows bearish pressure, while the RSI has previously reached oversold levels—indicating potential buying interest. However, we will continue looking for bearish opportunities until a clear shift in price structure occurs.

NZD/USD

The overall bearish trend for the Kiwi remains intact. Prices are currently in consolidation as traders await more U.S. economic data for clues on the Feds September decision. The MACD shows selling pressure, while the RSI has normalized from oversold territory. We will continue to look for selling opportunities until a confirmed bullish reversal emerges.

EUR/USD

The Euro is testing the EMA200, gauging whether a bullish breakout can gain momentum. While a bullish shift was previously possible, the risk of continued downside remains based on current price action. The MACD and RSI still show potential bearish pressure. We will wait for a clear structural breakout before confirming direction.

USD/JPY

USD/JPY is currently trading near 146.512. Although a recent rebound occurred, the likelihood of further downside remains high. We expect the price may retest the EMA200 as resistance before the next leg lower. We will monitor the price action and continue to seek bearish opportunities.

USD/CHF

The previously identified bearish signal failed to confirm, and prices quickly rebounded above the former resistance level. This failed breakdown suggests a possible continuation of the consolidation phase or a shift into bullish recovery. We will keep looking for more bullish opportunities unless a decisive bearish breakdown occurs.

USD/CAD

The bearish test for this pair also failed, with the price remaining above the EMA200. There has been little change compared to yesterday. We will continue to look for more bullish opportunities in the days ahead.