|

Gold eyes recovery as Dow hits ATH and Dollar continues to slide [Video]

This week’s live session covered the most critical market shifts unfolding across commodities, indices, and currencies, highlighting why you must stay alert heading into the end of the month.

Youtube preview

Gold is back in focus with a potential breakout setup unfolding after reclaiming key structure levels. As risk sentiment begins to shift and real yields ease, gold is positioning for a renewed rally. We analyzed the critical breakout zones, potential Fair Value Gaps in play, and what confirmation to look for before jumping in.

Meanwhile, the Dow Jones (US30) just tagged fresh all-time highs last Friday, continuing the historic rally we anticipated in previous sessions. The move reinforces the broader bullish tone across U.S. equities, even as markets brace for macro risk catalysts this week.

On the U.S. Dollar, we’re seeing signs of weakness creeping in as DXY fails to hold recent support levels. With the market's pricing a rate cut on the Fed interest rates, this weakness could accelerate, especially if jobs data supports a more balanced inflation narrative. We discussed how this could impact USD pairs and cross-market positioning.

We also touched on Bitcoin’s sell-off, how it's reacting to broader risk-on sentiment, and what needs to happen before going long.

In this session, we covered:

  • Gold breakout zones and bullish structure confirmation.
  • All-time highs in Dow Jones and broader equity sentiment.
  • U.S. Dollar weakness and how NFP could shift the narrative.
  • Macro implications of sticky inflation and resilient job growth.

This is a high-stakes week with layered catalysts, make sure you're prepared.

Author

Jasper Osita

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.

More from Jasper Osita
Share:

Editor's Picks

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.

Crypto Today: Bitcoin, Ethereum, XRP rebound as risk appetite improves

Bitcoin rises marginally, nearing the immediate resistance of $68,000 at the time of writing on Friday. Major altcoins, including Ethereum and Ripple, hold key support levels as bulls aim to maintain marginal intraday gains.

Week ahead – Markets brace for heightened volatility as event risk dominates

Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness.

Ripple bulls defend key support amid waning retail demand and ETF inflows

XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.