This week’s markets are a maze of key levels and mixed signals - but Nikkhil has untangled the noise into a clear trading plan.
From gold’s stubborn $3,400 wall to crude’s slide toward $62, and from the Fed’s September rate cut prospects to the Bank of England’s hawkish stance post-cut, every move is mapped out.
The week also brings the RBA policy statement, which could jolt Aussie pairs.
DXY (U.S. Dollar Index):
The DXY is holding above 97.35, supported by double bullish divergence on the daily and reinforced by 4H structure. Nikkhil expects a short-term bounce toward the 100.50–100.85 resistance zone before the larger downtrend resumes. The greed sentiment in markets favors high-risk assets, so watch for DXY’s reaction at that magnet resistance before committing to a bigger directional trade.
EUR/AUD:
Euro-Aussie has been repeatedly rejected at fib resistance and magnet levels. Weekly and daily structures point to a short-term bearish continuation toward 1.7759, potentially 1.7628, as buyers fail to hold higher highs. The sentiment backdrop also favors Aussie strength over Euro in the near term.
GBP/USD:
Post-BOE, the pound is rangebound between 1.3175 and 1.3581, with strong structural support holding. Daily and 4H charts point to a “buy the dips” approach, provided price holds above 1.3202–1.3220. A clean break above 1.3581 could unlock 1.3634–1.3672.
USD/CAD:
The super cycle remains bearish, but the daily and 4H structures show bullish divergence and higher highs, pointing to a corrective rally toward 1.3845. This area is a decision point: break and retest for continuation up, or rejection and reversal lower.
Crude Oil:
Crude is pressing toward $62, with $60.64 as deeper support. Nikkhil expects one more flush lower before a possible bounce toward $65, especially if bullish divergence forms at these key zones. The bias flips bullish only after clear breakout confirmation from those lows.
Gold (XAU/USD)
Gold has tested $3,400 five times without breaking, and higher timeframes remain ultra-bullish. Nikkhil warns not to buy into resistance - instead, wait for a dip toward $3,297–$3,311 before adding longs. His upside targets extend to $3,491–$3,500 once the dip-buy zone triggers.
Don’t get trapped at the highs - watch the dip-buy plan unfold in the full gold analysis here.
Preparation, patience, and precision will define this week’s winners.
The levels are live.
The moves are coming.
Watch the full breakdown now and get your plan in place before the herd reacts.
Click Here To Watch The Full Week Forex Forecast
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Team Moneytize