Gold breaks $3,800, Dollar slides, indices near ATH – Weekly forecast [Video]

Jasper Osita Independent Analyst

The Dollar forecast is pointing to more weakness ahead. With markets leaning toward further Fed cuts, softer labor data, and inflation cooling, the greenback doesn’t have the same strength it once did. I’ll walk you through why this matters and how it could shape the coming weeks in FX.

Gold has now broken into all-time highs again - something I highlighted in my last and in this webinar. If you were there, you caught it early. If not, don’t worry - this is exactly why you’ll want to catch the next one.

I’ll also take you inside my precision trading setup, showing you how I filter the noise and trade only when the odds line up. And on the mindset side, I share a game-changing book recommendation: The One Thing by Gary Keller - perfect for traders who need clarity and focus.

Meanwhile, U.S. indices are pressing toward record highs, with earnings and risk appetite driving momentum. The question now is whether this rally has more fuel—or if we’re getting close to a reversal zone.

This isn’t just analysis - it’s my forward playbook for the Dollar, Gold, and indices. Let’s forecast, prepare, and trade with clarity.

Author

Jasper Osita

Independent Analyst

Jasper has been in the markets since 2019 trading currencies, indices and commodities like Gold. His approach in the market is heavily accompanied by technical analysis, trading Smart Money Concepts (SMC) with fundamentals in mind.

GBP/USD extends the drop to 1.3360

GBP/USD builds on Monday’s decline and briefly clinches five-day lows near 1.3360 on Tuesday. Cable’s extra pullback follows the better tone in the Greenback as uncertainty in the Middle East prompts investors to adopt a cautious stance. Meanwhile, an apathetic UK labour market report also collaborates with the selling pressure on the British Pound.

EUR/USD stays offered just above 1.1400

EUR/USD keeps the downtrend well in place for yet another day, challenging the 1.1400 contention zone on Tuesday. The continuation of the selling impulse in spot comes amid decent gains in the US Dollar, which continues to find support in the persistent effervescence surrounding the US-Iran crisis.

Middle East crisis intensifies, Gold up

Gold now seems to have embarked on a consolidative phase below the key $4,100 mark per troy ounce in the latter part of Tuesday’s session. Meanwhile, uncertainty surrounding the Middle East conflict and rising expectations for a hawkish Fed policy outlook are expected to limit the precious metal’s bullish momentum in the near term.

XRP extends recovery as on-chain activity grows

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

The Iranian war has again risen

The Iranian war has again risen to the top of the economics factor list. There is no end in sight. Intelligence experts say the current level of offense/retaliation will not change minds in Tehran, while in Washington, Trump fears all-out war, which would mean boots on the ground.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.