Gold Market Outlook: Key Risks and Opportunities Ahead 📌 Gold Market Outlook: Key Risks and Opportunities Ahead 💰📉
🔍 Current Trend and Short-Term Risk
Gold continues to exhibit strong bullish momentum, although minor corrections remain possible in the short term. A key driver for sustaining the uptrend will be the strength of buyers at support zones like 3196 and 3204.
However, if the market fails to hold above 3135, we could see a deeper retracement. In such a case, a drop toward the 311x region could offer an attractive buying opportunity — particularly if bullish price reactions are confirmed near that level.
🧭 Key Levels to Watch
3135 Support: A break below this zone with strong momentum could signal potential bearish continuation. Any move toward 311x should be closely monitored for a bullish reversal setup.
311x Zone: If price pulls back to this range and we observe reaction or rejection, it could present a high-probability buy opportunity to rejoin the broader uptrend.
🌍 Impact of a Quiet News Week
With no major economic releases on the calendar, market direction will likely be determined by volume flows and price action near key technical zones. Areas such as 3195, 3204, and 3245 will be pivotal in shaping short-term sentiment.
Traders should remain attentive to how price behaves around these levels, especially during London and New York sessions where most volume is concentrated.
🛠️ Tactical Plan for the Week
Asian & European Sessions Focus: Look for momentum plays or reaction signals at key intraday support levels (e.g. 3196). Sharp pullbacks may offer buy setups with solid risk/reward ratios.
Sell Scenarios at Resistance: If price breaks above 3245 with weak follow-through and fails to hold, that could provide an opportunity for tactical short entries — but only with confirmation via volume or rejection patterns.
Stick to Your Plan: Despite the current volatility, it’s critical to adhere to your strategy. Avoid emotional trades, always manage risk, and respect your TP/SL levels.
💡 Conclusion
Gold remains in a strong upward trend with active buyers around key support zones. While short-term pullbacks are expected, they could offer new opportunities to scale in.
Stay patient, trade with discipline, and let the market offer confirmation before committing to a position. Even in a quiet news environment, well-prepared traders can take advantage of high-quality setups by focusing on structure and risk management.
J-DXY
Why Gold bullish ?? Detailed AnalysisXAUUSD is currently showing strong bullish momentum after completing a clean retest of the breakout zone near 3200. Price action confirmed this level as new support, and we are now seeing price bounce back with conviction. This structure is a classic continuation setup, and as long as price holds above the retest zone, the next leg higher toward the 3265–3300 range looks highly probable.
Technically, the 8H chart displays a strong impulse move followed by a controlled pullback into a demand zone. Price formed a higher low and immediately pushed back into bullish structure, signaling continuation. If gold stays above the 3200–3180 level, I expect buyers to maintain control, and the market could drive further upside targeting the previous swing high and beyond. The rejection wicks and volume spike at the base of the retest add to the bullish conviction.
From a fundamental standpoint, gold continues to benefit from a combination of factors including global uncertainty, persistent inflation, and dovish sentiment from major central banks. With US inflation data keeping rate cut expectations alive and the dollar softening slightly, gold remains a preferred hedge. Additionally, increased demand from central banks and institutions continues to support gold's long-term uptrend.
This setup is one of the most closely watched on TradingView right now due to its clean structure and strong confluence. With macro and technical conditions aligned, this bounce off support could lead to another wave of bullish momentum. As a professional trader, I’m staying long-biased above 3180 and will look for momentum confirmation to scale into the next bullish wave.
Last Week’s FX Recap: April 7–11 (Zone Reactions & Trade Notes)📈 Weekly Forex Recap – Market Reactions & Lessons (Apr 7–11)
Last week there were about +320 pips of reaction potential (excluding Gold, which I was completely off on). There were multiple opportunities to capture solid intraday or swing setups.
3 out of 6 weekly targets were hit.
5 out of 6 trend biases were either accurate or neutral —meaning no major misreads, aside from one or two volatile zones. The only pair that really got me was Gold.
Let’s run it back real quick:
✅ AUDJPY
Bearish bias accurate.
30 pip reaction off zone with just 1 pip drawdown.
Weekly target hit.
✅ NZDJPY
Bearish bias accurate.
Weekly target hit, though price never reached the watch zone.
No setup triggered, but direction was respected.
⚠️ EURUSD
Range-bound bias played out majority of the week.
Gave about 90–100 pip drop from the hot zone mentioned.
Weekly target came close but didn’t hit.
⚠️ GOLD
Watch zone completely failed.
Short-term bounce gave 480 pip reaction—but that volatility was tough to catch cleanly.
Directional bias wasn’t helpful here. Gold was chaos.
✅ EURGBP
Cleanest setup of the week.
Bias was bullish, price tapped the buy zone and ran 100 pips.
Weekly target hit. Textbook move.
⚠️ GBPUSD
Consolidation-heavy.
Watch zone gave 100 pip reaction, but weekly target didn’t hit.
Bias was unclear—no real conviction either way.
📉 Total Zone Reaction Potential: 320 pips
🎯 Weekly Targets Hit: 3/6
📊 Trend Accuracy: 50% (3 clear hits, 2 neutral, 1 miss)
But that’s done now.
Whether you hit it last week or fumbled the ball, let it go.
We trade forward. Eyes up. Mind clear.
Time to dive into the new week.
Let’s get it. 👊
DXY: Target Is Up! Long!
My dear friends,
Today we will analyse DXY together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 99.315 Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 99.687.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
USDCADHello Traders!
What are your thoughts on USD/CAD?
After its recent decline, USD/CAD has reached the bottom of the descending channel and a key support zone.
This area may act as a strong support, and we expect a bullish reaction from here.
We anticipate a bounce from this support zone, with the price potentially rising at least toward the specified target level.
Will USD/CAD hold the support and rebound, or break lower? Share your thoughts below!
Don’t forget to like and share your thoughts in the comments! ❤️
top is in for the dxygm,
this idea has been in the works for years, ever since we topped out 3 years ago. there has been quite a bit of variations of this idea, but this one right here has been my primary idea for a very long time.
initially i imagined the dxy coming up to 111-113 before topping out, and i reckon it still can, but the worst is behind us, relatively speaking.
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if my count here is correct, the dxy will begin extending down into wave c into the last days of 2025 where a major low will be put in place .
this will create a hyper-parabolic bull phase for risk assets, in conjunction with declining rates.
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if you've been waiting for a signal to buy alts
this is your signal.
🌙
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ps. view my private idea from last year via:
🌙
DeGRAM | DXY has broken the downward structureThe DXY is under a descending channel above the trend lines.
The price has broken the upper trend line.
The chart maintains a harmonic pattern and has already broken the descending structure.
We expect a rise after consolidation above the resistance level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
EURUSD Setup: Buy First, Sell Later – Don’t Miss the Move!EURUSD has been trending upward for a while now, just as we discussed in the last post. We're reaching higher levels, and while it does look like we could be approaching a potential sell zone, I’m staying patient.
I believe there are still some highs above us that need to be taken out first. What we’re seeing right now could be manipulation—an attempt to trap early sellers. That’s why I won’t be selling yet.
Instead, I’m watching for buy setups today and tomorrow off key levels on my chart. Once those highs are swept and we get confirmation, that’s when I’ll start looking for potential sells.
Give this a boost if you found it useful!
How far could the USD fall?.. WATCH THE DOLLAR INDEXThe dollar is declining as US uncertainty continues and cash moves out of the US. I personally think the dollar will bounce, but how far could it fall in the meantime...
Price is testing the previous monthly horizontal resistance as support and the monthly 100 SMA. The dollar may find a bottom here. From 98 to 100 on TVC:DXY
Price may reach the monthly bullish channel support. There will likely be technical buyers in this area. From 95 to 96 on TICKMILL:DXY
Good luck!
DeGRAM | DXY dropped below 100 pointsDXY is in a descending channel between trend lines.
On the downside, the price has formed a gap and dropped below 100 pips and has already reached the lower trend line.
The chart maintains a descending structure but has already formed a harmonic pattern and a descending wedge.
On the major timeframes, the index relative strength is in the oversold zone and on the 30m Timeframe it is forming a bullish convergence.
We expect a reversal after a support retest.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
U.S. Dollar Index (DXY) – Key Resistance & Bearish Target Analys📊 Key Observations:
🔵 Resistance Zone (📍~103.5 Level)
A strong resistance area (🔵 blue box) is marked, indicating potential selling pressure if the price reaches this level.
The price is moving upwards (📈) towards this resistance, so watch for rejection or breakout.
🔵 Support/Target Zone (📍~101.5 Level)
A lower support zone (🔵 blue box) is marked as the bearish target 🎯.
If the price fails at resistance, it may head downwards (📉) to this level.
📉 Recent Price Action:
🚀 Sharp drop followed by a rebound (📈).
The price is currently moving back up (🔼), possibly forming a lower high before another drop.
📌 Exponential Moving Average (DEMA 9 - 102.488)
The price is hovering above the 9-period DEMA (📏), showing short-term bullish momentum.
If the price rejects resistance and falls below the DEMA, a bearish continuation (📉) is likely.
🚀 Potential Scenarios:
✅ Bullish Breakout: If price breaks above 🔵 resistance, it may continue rising (📈) to higher levels.
❌ Bearish Rejection: If price fails at resistance, expect a drop (📉) towards 101.5 🎯.
ECB decision shadowed by tariff risk Markets will be closely watching the European Central Bank’s (ECB) interest rate decision on April 17, with expectations for a seventh consecutive rate cut.
Despite this expectation, the euro surged to a three-year high against the US dollar last week, as traders continued to pull away from US assets.
The dollar index has dropped 4% since President Trump’s “Liberation Day” tariff announcements on April 2, falling below the key 100 level too.
At this stage, market participants will be looking for any signals on how the ECB might respond to the potential spillover effects of President Trump’s tariff measures. While some guidance may emerge around already-announced policies, the risk of further unpredictability remains high.
Trump being Trump, it is perhaps unlikely we have seen the last of his volatility-inducing tariff announcements. This can weigh further on the dollar, eroding confidence in the world’s reserve currency.
“EUR/USD Nears Wave (C) Climax – Will Smart Money Step In?”EUR/USD is approaching the final leg of its corrective A-B-C structure. With wave (C) targeting the 1.15–1.18 supply zone, a major reversal setup is brewing.
Wave (A)-(B)-(C) correction structure in play
Current bullish momentum likely completing wave (C)
Watch for potential 50% and 78% Fibonacci retracement zones for next sell setups
Embedded Wyckoff distribution schematic suggests institutional unloading soon
If you're tracking smart money, the final wave up could be the perfect setup to sell the rally once signs of distribution confirm.
Key Levels to Watch:
Supply Zone: 1.15–1.18 (Wave C Top)
First Demand: 50% zone
Deeper Demand: 78% retracement = high confluence
#EURUSD #ElliottWave #WyckoffMethod #SmartMoney #ForexForecast #WaveC
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(SMC) and key liquidity zones aligning for a major bearish reverThe U.S. Dollar Index (DXY) is tracing out its final wave of the Elliott 5-wave structure, with a powerful confluence of Smart Money Concepts (SMC) and key liquidity zones aligning for a major bearish reversal.
Wave (iv) correction might offer the last sell opportunity before a deep wave (v) drives us into the golden demand zone near 91–93.
Watch closely:
Fair Value Gap (FVG) & Order Block aligning at resistance
Wave (iii) completed with strong momentum
Massive bearish pressure setting up for 2025–2026
Next Move?
We’re tracking the wave (iv) pullback into the SMC zone, looking for entries to ride wave (v) down.
Get ready for a potential macro-level shift in dollar strength!
#DXY #ElliottWave #SMC #ForexAnalysis #DollarIndex
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Let me know if you like it
The impact of tariffs on the DXYIn the long term, the imposition of tariffs will trigger countermeasures from trading partners 😡, leading to a shrinkage of the global trade scale 😔. The import costs of raw materials for American enterprises will rise, and their export markets will be restricted, which will curb the economic growth of the United States 😩. This will exert depreciation pressure on the US dollar, causing the DXY to decline 📉.
U.S. Tariff Policies
Since April 9th, the United States has imposed tariffs ranging from 10% to 25% on goods from China, the European Union, Canada, and other regions, covering key sectors such as automobiles, steel, and semiconductors.😒
Countermeasures of Various Countries
China: On April 4th, China announced that it would impose a 34% tariff on U.S. goods starting from April 10th. On April 9th, the tariff rate was further increased to 84%, covering all U.S. goods.😠
The European Union: Announced that it would impose a 25% tariff on U.S. motorcycles, diamonds, and other goods starting from May 16th.😤
Canada: Imposed a 25% retaliatory tariff on U.S. automobiles on April 9th, but exempted auto parts.😏
This upward movement has led to the clearing of many traders' accounts or significant losses 😫. You can follow my signals and gradually recover your losses and achieve profitability 🌟.
💰💰💰 DXY 💰💰💰
🎯 Sell@103 - 100
🎯 TP 96 - 94
Traders, if you're fond of this perspective or have your own insights regarding it, feel free to share in the comments. I'm really looking forward to reading your thoughts! 🤗
$DXY to 100 and heading lower, bullish for $EURUSDTVC:DXY the dollar index, was the primary driver of the equity bear market in 2022. With TVC:DXY hitting a 5 year high of 114 marked the bottom in AMEX:SPY and $QQQ. The recent strength in TVC:DXY was out of stock with TVC:DXY and Stock markets rising at the same time and dropping when the TVC:DXY is falling. Usually, the risk assets have an inverse correlation to the US Dollar index. These periods in history are unusual and are marked by some kind of macro events like recession etc. With tariffs discussion everywhere that might not be unrealistic to expect some kind of recession.
In that case where is the TVC:DXY headed? Currently the TVC:DXY is at a psychological level of 100. Once it breaks below 100 the next stop might be 95. If we see some kind of soft recession which is my worst-case scenario then we might see the lows of 90 in $DXY. If TVC:DXY goes down by 10% or lower than we can expect to the FX:EURUSD to go back to its recent high of 1.23.
Verdict: Short TVC:DXY ; Long FX:EURUSD , AMEX:SPY and NASDAQ:QQQ
DXY Will Fall! Short!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 99.769.
The above observations make me that the market will inevitably achieve 96.117 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
[XAU/USD & DXY] – Long-Term Outlook📌 – Long-Term Outlook: Is Gold Entering a New Bull Cycle as USD Weakens?
📊 Technical Analysis – Gold & DXY
The divergence between Gold and the U.S. Dollar Index (DXY) has become increasingly clear:
🔹 Gold (XAU/USD):
Price has broken the previous high at 3,190 and is now testing 3,219 – a fresh all-time high on the daily chart.
The MA13, MA34, and MA200 are showing a perfect “bullish fan” formation, indicating a sustainable uptrend rather than a short-term pump.
The key support zone around 3,164 – 3,118 remains critical for any healthy pullback.
🔻 U.S. Dollar Index (DXY):
Price has decisively broken below the psychological 100.55 support and is now hovering near 99.78.
If DXY fails to hold above 99.7, the next downside target could be 97.5 in the coming quarter.
The technical structure is clearly bearish, confirming USD weakness across the board.
→ This negative correlation aligns with macro expectations: a weaker dollar is fueling gold’s bullish momentum.
🌍 Fundamental Analysis – Macro Drivers
US PPI & CPI both come in lower than expected:
Inflation is showing clear signs of cooling.
Markets are now pricing in a possible rate cut as early as June.
Shift in Fed tone – from hawkish to neutral:
While not officially declared, recent Fed statements have been more dovish, supporting risk assets and weakening the dollar.
Strong safe-haven demand remains:
Geopolitical risks and economic uncertainty continue to push capital into gold, especially as USD enters a weakening phase.
🧭 Long-Term Perspective
Gold is potentially entering a new bull cycle. With consecutive ATH breakouts and favorable macro conditions (falling inflation, expected rate cuts, USD weakness), gold could push to even higher levels into Q2 and Q3.
The USD faces downside pressure in the coming months, especially if the Fed signals a firm pivot toward easing.
⚠️ Strategy Caution
Short-term corrections may occur, especially after such a sharp rise.
However, any pullbacks into key support zones could present strategic long opportunities for longer-term investors.
💬 What’s Your Take?
Is this the beginning of a major bull cycle in gold, or do you expect deeper pullbacks before continuation?
Drop your analysis and charts below! 👇👇👇
What I'm expecting on the new week open..This is basically what my gut is telling me that is going to happen on Monday's open based on technical factors thought by ICT and my own spin on it.
TLDW; It looks like we are just going to start going up with very little retracement at the start of the week.
- R2F Trading