The Markets Hold Their Breath While the USDX Consolidates Above 100

The text in today's free analysis is a re-post from today’s Gold Trading Alert, which I’m sharing with you in its entirety free of charge. 

This is available exclusively on Golden Meadow and GoldPriceForecast.com.

 

Nov. 5, 2025

Unlike yesterday’s comprehensive issue, today’s Gold Trading Alert is going to be very brief. The reason is that we see a simple breather today in the precious metals sector, while our new short positions in bitcoin became profitable pretty much immediately and remains such right now.

The Markets Hold Their Breath While the USDX Consolidates Above 100 - Image 1

Gold, silver, and mining stocks opened higher, but miners are already moving back down. This is a completely normal phenomenon and GDXJ’s inability to stay above its October low suggests that the next sizable downswing will take place shortly.

Also, please note that the GDXJ is below its October low, while the GDX is not – confirming that GDXJ’s downside potential is likely greater here.

The Markets Hold Their Breath While the USDX Consolidates Above 100 - Image 2

Meanwhile, the USD Index is doing nothing, but it’s doing nothing above 100, which makes it a very meaningful “nothing”.

With every hour above this key level, the odds for a continuation of the rally increase.

All five of our trading positions remain up-to-date and its seems that they are all about to move in their ‘favorable’ directions.

As always, I will keep you – my subscribers – updated.

Thank you.

Przemyslaw K. Radomski, CFA
Founder
Golden Meadow®

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