On May 25, the US Dollar Index retraced to around 98.90 as anticipated last week but failed to rally significantly, maintaining a high-level consolidation until Friday. Technically, the overall structure remains intact, and last Monday's analytical framework can still be applied. Strong support near the 98.80 area remains a key focus. This week's trading suggestion: Consider long positions near 98.80, with a stop loss at 98.40, targeting 99.40 initially, followed by the 99.70 and 100.00 areas. A drop back below 99.40 would necessitate a reassessment of the outlook. Manage position size carefully and adhere strictly to stop-loss orders.
The Euro rebounded to 1.1660 last week before moving lower, though the decline was limited, resulting in a low-level consolidation phase. This week, we continue with the framework from last Monday. The bias remains bearish for the medium term below 1.1720. A sustained break above 1.1720 would require a fresh analysis. This week's trading suggestion: Consider short positions in the 1.1660-1.1680 area, with a stop loss at 1.1740, targeting 1.1580 and then 1.1540. A break below 1.1540 could open the path towards the 1.1410 and 1.1320 areas. Manage position size carefully and adhere strictly to stop-loss orders.
Gold declined directly last week but found support around the 4450 area. From a technical perspective, strong resistance near the 4650 area remains the primary focus. The medium-term bias continues to be bearish below this level. A successful break above would increase the probability of testing the 4840 and 4980 areas. This week, we maintain the analytical framework from last week. Monitor the strong resistance zones at 4630 and 4650. It may be more prudent to enter short positions on the right side after a clear bearish signal emerges. Early in the week, watch for a potential rebound and observe the price action around the aforementioned resistance levels.
Silver traded within a low-level range last week, with the weekly chart closing as a doji. Technically, silver is consolidating above a strong support level, showing neither a significant rebound nor a breakdown. Therefore, this week continues to focus on a potential rebound. After the rebound concludes, opportunities to short silver at higher levels may arise. The framework from last Monday remains applicable: maintain a bearish outlook on silver below 82.70, targeting 66.85 and the 62.80 area. This week's trading suggestion: Consider medium-term short positions on silver in the 80.50-82.70 area. A suggested stop loss is placed at 86.20, with targets still at 66.85 and the 62.80 area. Given the wide stop loss and the current ongoing rebound, it might be more prudent to wait for the rebound to conclude and for a clear bearish signal to appear before entering a short position on the right side. The provided analytical framework is for reference only; trading risks are borne by the individual.
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