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U.S. Dollar Index (DXY) Outlook | Gold (XAU/USD) Correlation📈 U.S. Dollar Index (DXY) at Key Support | 🪙 Gold at Record Highs 🔎 Quick Summary: • DXY holding 97.70 support inside a descending channel. • A rebound could push it back toward 98.25 – 98.50. • Meanwhile, Gold is sitting near $3,600/oz, at all-time highs, fueled by safe-haven demand and central bank buying. • The DXY’s next move will help decide if Gold keeps climbing or pauses. ⸻ 💵 U.S. Dollar Index (DXY) Outlook On the 4H chart, the Dollar Index remains inside a descending channel. It has been forming lower highs and lower lows, yet the 97.70 level has repeatedly held as strong support. • 🔹 Buyers are defending this zone, showing demand. • 🔹 A rebound could take price back to the 98.25 – 98.50 supply zone. • 🔹 A breakout above 98.50 would be significant, opening room toward 99.00+. This makes the 97.70 region a critical turning point for DXY. ⸻ 🪙 Gold (XAU/USD) Context Gold is trading at record highs around $3,600/oz 🚀 — a level never seen before. • 🌍 Central banks continue to accumulate gold aggressively. • 🏦 Expectations of Fed rate cuts reduce the opportunity cost of holding gold. • ⚖️ Persistent economic and geopolitical uncertainty is fueling safe-haven demand. Correlation with DXY: • 📉 If the Dollar rebounds, Gold could slow down or consolidate after its massive rally. • 📈 If the Dollar breaks below support, Gold could see further upside, possibly testing higher targets near $3,700/oz and beyond. ⸻ 📊 Conclusion The Dollar Index is sitting at make-or-break support. A bounce would show Dollar strength and may cool off Gold’s rally. But if DXY weakens further, Gold could extend its surge into new record territory. At this point, Gold remains the undisputed leader in the market, with DXY’s next move likely deciding how fast momentum continues. ⸻ ⚡ Summary in one line: 💵 DXY at critical support — 🪙 Gold shining at record highs, waiting for the Dollar’s next move.
TVC:DXYLong
by KhaleelSuliman
USD/CAD – Sideways Accumulation, Preparing for a Mild UpsideThe August Nonfarm Payrolls report came in at only 22K, far below expectations of 75K and the previous 79K, causing the USD to weaken. However, Canadian labor data was also underwhelming, leaving the CAD too weak to drag the pair significantly lower. As a result, USD/CAD has maintained balance and is moving within a narrow range. On the H4 chart, the price is fluctuating around 1.38280, closely tracking the long-term descending trendline. The EMA34 and EMA89 are moving sideways, reflecting an accumulation phase. If support at 1.3787 holds, USD/CAD could rebound and push up towards 1.3833 before confirming the next trend direction.
by Rocky_trade_
EUR/USD – Sustaining the Uptrend After Weak U.S. Jobs ReportIn the latest session, EUR/USD reached the target from the previous analysis , breaking above 1.17 and maintaining a steady upward momentum. The main driver was the August Nonfarm Payrolls , which came in at only 22K, far below the expected 75K and the prior 79K. This significant weakness in the U.S. labor market pushed the USD lower, while also reinforcing expectations that the Fed may soon ease monetary policy. As a result, the euro gained strong support, fueling the pair’s rally. From a technical perspective, on the H4 chart, EUR/USD remains in a clear uptrend with a structure of higher lows. The 1.1660 level is acting as immediate support , while 1.1770 stands as the next resistance to be tested. Both EMA34 and EMA89 are sloping upward, confirming that buyers are in control. Any pullback toward support zones continues to be viewed as a buying opportunity. Conclusion: With the combination of weak U.S. fundamentals and bullish technical structure, the EUR/USD uptrend is likely to continue , aiming toward 1.1770 and potentially higher if that resistance is broken.
Long
by Rocky_trade_
12
Nonfarm Disappoints, Gold Surges Strongly!Hello traders. Yesterday, gold staged an impressive breakout, climbing more than 400 pips . This was a clear market reaction to weak U.S. economic data, putting pressure on the dollar and driving strong safe-haven flows into gold. The Nonfarm Employment Change report showed only 22K new jobs, compared to a forecast of 75K and a previous reading of 79K . This figure, far below expectations, immediately weighed on the U.S. dollar. In addition, the unemployment rate rose from 4.2% to 4.3% , further strengthening expectations that the Federal Reserve will be forced to cut interest rates sooner. With a weaker USD and growing prospects of monetary easing, gold – as a safe-haven asset – quickly benefited , becoming the preferred choice for investors. From a technical perspective, the daily chart continues to hold within a clear ascending channel. Price has already moved above the immediate support at 3,536 and is now heading toward the psychological resistance at 3,700 . Both EMA34 and EMA89 are pointing upward, confirming that the primary trend remains bullish. Recent pullbacks appear to be mere pauses rather than any structural break in the uptrend. All in all, with disappointing U.S. labor data and monetary policy leaning toward easing , gold has likely entered a new bullish wave.
OANDA:XAUUSDLong
by Rocky_trade_
10
Nifty at a Crossroads – Will W Pattern Hold or Breakdown Ahead?Nifty closed the week at 24,741, up 315 points from the previous close. It touched a high of 24,980 and a low of 24,432, once again moving exactly within my projected range of 24,900 – 23,900. This week, both Nifty and Bank Nifty formed an Inside Candle pattern, making this week’s low of 24,432 a crucial level to watch. A breakdown below it could drag Nifty toward 24,000/23,900. Bullish Possibility – W Pattern on Weekly Chart There’s an interesting W pattern developing on the weekly timeframe. If it plays out, we could see an early-week upside (Mon/Tue) toward 25,100/25,200. However, for a sustained rally, Nifty needs to hold above 25,200 – only then can it test 25,700, which for now looks challenging. ⚠️ My View I’ve been warning about an impending downmove for 2 weeks, and I continue to prepare by hedging my portfolio and making a watchlist of strong stocks to accumulate when the correction comes. The question is – are you ready? US Market Update – S&P500 The S&P500 closed at 6,481, up 21 points from last week, with a high of 6,532 and a low of 6,360. This index is approaching the key Fibonacci level of 6,568. 👉 For US investors: Move your trailing SL to 6,376 to lock in profits. 👉 Consecutive closes above 6,568 could open the doors to the next major level of 6,579 (around 7% higher from current levels). 👉 Until then, keep trailing positions as long as cracks aren’t visible. For Indian investors – brace yourselves, because the road ahead could be volatile and bumpy. Want me to review any index or cryptocurrency for you? Drop it in the comments, and I’ll cover it in my next update!
NSE:NIFTY
by ssudhirsharma11
The Power of Price Action: Reading the Market Without IndicatorsIn the trading world, many traders get caught up in countless technical indicators such as RSI, MACD, and Stochastic… However, at the core of every price movement lies Price Action – the art of reading the market purely through price and volume, without relying heavily on indicators. 1. What is Price Action? Price Action is the art of analyzing and making trading decisions based on pure price movement. Traders focus on price patterns, market structure, support and resistance levels, and especially candlestick signals, instead of depending on formula-based indicators. 2. Why is Price Action Important? Primal nature: Price is the most direct information from the market, not lagging like indicators. Flexibility: Applicable across all markets (Forex, Gold, Stocks, Crypto…). Simplicity & effectiveness: Helps traders cut out the “noise” from overly complex tools. 3. Core Elements of Price Action Support and Resistance Zones: Where supply and demand meet, shaping trends. Market Structure: Uptrend, downtrend, consolidation, or breakout. Reversal & Continuation Candlestick Patterns: Offering signals for entries and exits. 4. Key Candlestick Patterns Doji: Reflects indecision, signaling a possible reversal or continuation. Pin Bar (Long-tailed candlestick): A long wick shows strong rejection, a reliable reversal signal. Engulfing: A candle that fully engulfs the previous one, demonstrating dominance from buyers or sellers.
OANDA:XAUUSDEducation
by Rocky_trade_
11
EURUSD – Short-Term Uptrend ResumesRecent news shows that U.S. economic data has weakened (JOLTS and Factory Orders came in below expectations), increasing market expectations that the Fed may cut interest rates soon. This has weakened the USD, providing upward momentum for EURUSD. On the 4H chart, the pair is maintaining its bullish structure with trendline support and the EMA 34–89 cluster around 1.1657 – 1.1662. The nearest support is at 1.1640, and if it holds, the price could rebound higher. Short-term scenario: EURUSD is expected to move toward the resistance zone at 1.1740. The bullish outlook would only be invalidated if the price breaks decisively below 1.1640.
Long
by Rocky_trade_
32
Gold Shines Amid USD Pressure?Gold is maintaining its bullish momentum as the market finds little additional support for the USD from the latest data. Average hourly earnings rose 0.3%, exactly in line with forecasts, creating no surprises. Nonfarm Payrolls came in at 75k, slightly higher than the previous 73k but still matching expectations, suggesting the U.S. labor market is not particularly strong. More importantly, the unemployment rate climbed from 4.2% to 4.3%, a negative signal for the USD as it increases the likelihood of a more dovish Fed, thereby supporting gold prices. On the H1 chart, gold is trading around $3,550, with key support at $3,500 (aligned with the EMA34 and EMA89). The nearest resistance stands at $3,590, which is also the next upside target if the current trend holds. Overall, as long as gold remains above $3,500, the scenario of testing $3,590 in the coming sessions remains the primary outlook.
OANDA:XAUUSDLong
by Rocky_trade_
17
BTC ANALYSIS📊 #BTC Analysis ✅There is a formation of Descending Channel Pattern in daily time frame in #BTC . Also there is a perfect breakout and retest. There is an instant major resistance and major support zone and if #BTC breaks the resistance zone then we would see a bullish move 👀Current Price:  $1,10,800 🎯 Target Price : $1,21,700 ⚡️What to do ? 👀Keep an eye on #BTC price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #BTC   #Cryptocurrency #Breakout #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
Gold Plan - Market awaits JOLTS, gold holds safe-haven role⚓️ Captain Vincent US–Venezuela tensions push gold into safe-haven spotlight 1. News Waves 🌍 U.S. Secretary of State Marco Rubio confirmed: American forces attacked a drug vessel originating from Venezuela, as Washington steps up pressure on Maduro’s government. Earlier, Trump placed a $50 million bounty to force Venezuela’s president out of power, while deploying military forces closer to the Caribbean. 👉 These moves have fueled fears of regional conflict, and gold was immediately chosen by big money as a safe-haven. This morning’s rally clearly reflected defensive flows rushing back into GOLD. 📌 Note – 21:00 (03/09): JOLTS Job Openings report – a key gauge of U.S. labor health. If weaker than expected → USD under pressure, gold has room to accelerate. 2. Technical Outlook ⚙️ H1 Chart: gold continues forming bullish BOS , confirming the uptrend. Golden Harbor 🏝️ (Buy Zone 3,478 – 3,480): overlapping major Order Block, strong support for pullbacks. Storm Breaker 🌊 (Sell Zone 3,577 – 3,579): near 1.618 fib extension, potential resistance with profit-taking pressure. Captain’s Shield 🛡️ (Support): 3,528 – 3,507 Captain’s Wall 🧱 (Resistance): 3,562 – 3,585 3. Captain Vincent’s Map – Trade Scenarios 🪙 🔺 Golden Harbor 🏝️ (BUY Zone – Priority) Entry: 3,478 – 3,480 SL: 3,470 TP: 3,483 → 3,486 → 3,489 → 349x → 35xx 🔻 Storm Breaker 🌊 (SELL Reaction at Resistance) Entry: 3,577 – 3,579 SL: 3,586 TP: 3,573 → 3,570 → 3,567 → 3,560 → 35xx 4. Captain’s Note ⚓ “The gold sea is stirred by U.S.–Venezuela political winds 🌊. The ship has anchored at Golden Harbor 🏝️ and is now steering toward Storm Breaker 🌊 3577 . But remember: before big waves, wise sailors always time their departure at the right harbor.”
OANDA:XAUUSD
by CaptainVincent
1
BTC/USDT – Short-Term Bearish, Medium-Term Recovery PotentialThe market is under pressure as Bitcoin lost the key $110K level, raising concerns of further selling. However, with major institutions continuing to hold over 1 million BTC, long-term confidence remains intact. On the 12H chart: Current price: 111,265 USDT Near resistance: 112,300 USDT (aligned with EMA34 – 111,794 and EMA89 – 113,283) Key support: 108,000 USDT, a level likely to provide buying interest Main scenario: In the short term, BTC may continue to face selling pressure, testing the 108,000 USDT support before stabilizing. In the medium term, if this level holds, the price could rebound back toward 112,300 USDT, and potentially break out of the descending channel to the upside. 👉 Overall outlook: Short-term bearish → Neutral → Slightly bullish in the future.
by Rocky_trade_
2
GBP/JPY – Uptrend within Sideway RangeIn the recent context, both GBP and JPY have been under pressure: the British pound faces risks from fiscal concerns, while the Japanese yen weakens due to political instability in Japan. Combined, GBP still holds the upper hand thanks to UK gilt yields remaining elevated, helping the pair maintain a slight bullish bias. On the H2 chart, GBP/JPY is moving sideways within a wide range. The EMA34 and EMA89 are converging around the current price area, indicating that buyers remain in control. The key support at 198.400 has held firm multiple times, while short-term resistance lies at 199.700. Overall, the main trend remains bullish within the sideway channel. As long as price holds above 198.400, GBP/JPY has the potential to rebound and continue testing the 199.700 zone, and possibly push above the 200.000 mark.
Long
by Rocky_trade_
8