After this week’s explosive moves, markets are finally taking a breath.
The dollar is trying to stabilize after heavy pressure, while gold and silver - fresh off new highs - are now testing whether this pullback is just a pause… or something more.
This is exactly the kind of moment where price behavior around key levels matters more than headlines.
USD INDEX (DX.F)
Before we dive into the world of charts, let’s revisit Wednesday’s quote:
“(…) What’s next?
Today’s daily close will be the key:
if buyers manage to close today’s gap, their odds of slowing sellers increase. In that case, their next realistic objective for the rest of the week would likely be a move toward filling Monday’s large downside gap, which currently acts as the most important resistance. Such price action could translate into small pullbacks in the case of gold and silver. (…)
From today’s perspective, we see that bulls managed to close Wednesday’s session above the previously discussed morning gap, which - in line with our scenario - helped cool metals and triggered a correction after the strong upside.
Earlier today, during the Asian session, the dollar opened with a green pro-bullish gap, which together with the current positioning of daily indicators gives buyers a temporary green light to push higher and try to execute the Wednesday’s scenario.
It’s worth noting that Monday’s gap has now become a critical technical zone:
- the lower boundary aligns with 38.2% Fibonacci
- the upper boundary sits just above 50% Fibonacci
- this entire area is further reinforced by resistance based on the December 24 low
This makes it a key decision zone that could define dollar behavior at the start of next week.
If bulls manage to break through this cluster of resistance, it will confirm regained strength and open the door to reclaim previously lost levels.
However, if sellers step back in here, we could see a re-test of the recent lows or even a move toward 95, as discussed on Wednesday.
This shallow stabilization in the dollar has already translated into short-term pressure on metals, triggering healthy, technically justified pullbacks.
GOLD (GC.F) & SILVER (SI.F) → these sections are reserved for Premium readers today and the timing is not random: we’re sitting at technical zones that can shape the entire week ahead.
Before we summarize today’s Lab Note, please note that yesterday gold and silver delivered our Monday’s and Wednesday’s bullish scenarios - clean execution, no noise. If you’re tired of reading about moves after they happen and want to be positioned before price accelerates, that’s exactly what the Premium version is built for.
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My Takeaway – What to Do Today
Don’t chase. All three markets are sitting at decision zones, not breakout zones. Watch today’s daily closes - especially around gaps and key Fibonacci levels. That’s where intent shows.
(…)
Dollar strength or failure around its resistance zone will likely set the tone for next week.
If you’re positioned: manage, don’t panic. If you’re flat: wait for confirmation, not emotions.
Bottom line: today is a day for reading how the market votes at the close.
Stay patient, respect the levels, and let the market show its hand.
Anna