DBG Markets: Market Report for May 07, 2025

MARKET ANALYSIS

GOLDGold prices have broken above recent resistance levels, signaling stronger bullish potential in the coming days. The RSI is showing oversold recovery, indicating room for further upside, while the MACD remains firmly bullish. With momentum accelerating, we maintain a bullish outlook, especially given the price action confirming continuation strength.

SILVERSilver is experiencing increased bullish momentum, although prices remain within a consolidation zone. Given the current structure, we will withhold any directional bias until a clear breakout materializes.

DXYThe Dollar continues to trade in a consolidation range, with market structure reflecting hesitation to resume its bullish trend. We remain neutral for now and will wait for clearer signals before establishing a new directional bias.

GBPUSDThe Pound is seeing renewed bullish movement, largely driven by persistent uncertinty surrounding the U.S. Dollar. However, as with other majors, we prefer to wait for additional market developments before reinforcing any directional stance.

AUDUSDThe Aussie dollar continues to gain strong bullish momentum, supported by Dollar weakness. As Gold leads the way in precious metals, the AUD and other commodity-linked currencies are following suit. We expect continued buying interest unless a structural reversal occurs.

NZDUSDThe Kiwi is also exhibiting clear bullish momentum, with both RSI and MACD reflecting strong upward bias. Given this alignment of technical indicators, we anticipate further upside in the short term.

EURUSDThe Euro remains in a consolidation phase with no decisive breakout. We maintain a neutral stance until the market offers a clearer technical direction.

USDJPYThe Yen is showing increasing bearish pressure on USD/JPY, reflecting overall Dollar weakness. Both MACD and RSI signal growing downside momentum, and with the Yen shifting broader market bias to bearish, we expect further selling pressure in the coming sessions—unless significant technical or fundamental catalysts emerge.

USDCHFNo significant changes for the Franc. The pair remains in consolidation but continues to respect bullish structural patterns. If prices fail to extend higher, however, the risk of a bearish shift increases. For now, we cautiously anticipate further buying but await confirmation.

USDCADCAD remains in a tight consolidation, although recent price action shows it drifting lower—implying growing seller interest. The RSIs strong reaction to the recent retracement high suggests a continuation of selling pressure. We will closely monitor how prices behave around current support levels to confirm a directional breakout.