Today's Trading Breakdown

Market Analysis

GOLD

Gold prices are currently rising toward the $3,391.26 resistance level. From this high, a retracement toward the EMA200 is possible before a potential continuation of the uptrend. We will continue to look for bullish opportunities in the coming days.

SILVER

Silver is approaching the EMA200. While short-term indicators like the MACD and RSI show growing buying momentum, the price action has failed to follow through. The overall bearish market structure remains intact. Therefore, we will continue to look for selling opportunities and wait to see how the price develops at this key technical level.

DXY

The Dollar is consolidating, with no significant changes from yesterday. As expected, the index continues to trade within its established range. Until we see a clear breakout on either side, our outlook remains neutral.

GBPUSD

The Pound is maintaining its overall bearish structure as it approaches the EMA200, which is acting as resistance. A bullish reversal is possible, but it would require a clean and strong break above this structural barrier. The MACD and RSI are also showing increasing bearish momentum, supporting the current downtrend.

AUDUSD

The Aussie dollar recently tested the EMA200. The technical picture is mixed; while the MACD indicates bearish pressure, the RSI previously registered oversold levels, suggesting buying interest could emerge. However, until we see a clear shift in the overall price action, we will continue to look for bearish opportunities.

NZDUSD

The Kiwi's overall bearish trend remains intact. The price is currently stagnating as traders await further U.S. data for more clues on the Federal Reserve's September decision. The MACD shows selling pressure, and the RSI has normalized from oversold conditions. We will continue to look for selling opportunities until a clear bullish shift is confirmed.

EURUSD

The Euro is at the EMA200, testing whether a bullish break can find more strength. While a shift to bullish was previously possible, based on the current price action, a continuation lower is also a risk. The MACD and RSI still indicate underlying selling pressure. We will wait for a clearer break in structure before confirming a direction.

USDJPY

The USD/JPY pair is trading near 146.512. Despite the recent bounce, there is a high probability of a sell-off continuation. We can expect a possible retest of the EMA200 as resistance before the next move lower. We will wait to see how the price progresses but are looking for more bearish opportunities.

USDCHF

The previous bearish signal did not carry through, and the price quickly returned above the prior boundary. This failed breakdown suggests either a continuation of the consolidation or a bullish resumption. We will look for more bullish opportunities until a clear break lower is established.

USDCAD

The bearish test on this pair also failed, as the price maintained its level above the EMA200. With little changed from yesterday, we will continue to look for more bullish opportunities in the coming days.