Sometimes the market moves… sometimes it trends… and sometimes…
it shows you the same thing over and over again until you finally respect it.
Today feels like one of those days. After hours of watching the charts, one thing became very clear: not much has changed, and that matters more than it seems.
USD (DX.F): Still Pressured, Still No Shift
Looking at the dollar, we see that yesterday’s session didn’t really bring anything new.
Most of the price action stayed trapped between key gaps, and while the lower open reinforced the large bearish gap from earlier this week, bulls once again failed to close it.
That failure mattered. Why? Because the session ended below the March 24 gap, effectively keeping downside pressure in play and reopening the path toward lower levels - especially the key support zone based on:
- the 38.2% Fibonacci retracement
- and the March 3 bullish gap
Yes, that area held - at least for now. But the reaction that followed didn’t shift the structure. Today’s session brought another test of nearby supports, and the broader picture remains the same.
Indicators? Still favoring the downside, which means the earlier bearish scenario - based on the height of the rising black channel - remains active.
Gold (GC.F): Resistance Keeps Doing Its Job + Silver (SI.F): Closer to a Break, But Not There Yet → these sections are reserved for Premium readers today.
Today’s Takeaway
This is a “nothing changed” environment and that’s your edge.
Dollar: bearish bias remains. Watch the support zone (38.2% Fibo + March 3 gap) -> If the price breaks lower = continuation toward downside targets.
Gold: (…)
Silver: (…)
Execution Plan: don’t force trades when nothing has changed. Respect resistance that keeps holding and wait for confirmation (not intraday movement).
Respect the levels, avoid the noise, and let the market come to you.
Have a wonderful weekend!
Anna