It’s a major week for traders, with the US Dollar pushing higher after the Fed’s hawkish tone and Friday’s PCE data now sitting as the key catalyst ahead. Nikkhil has mapped out the most important levels across Gold, DXY, Crude Oil, and Silver so you can approach the week with structure, patience, and a clear plan instead of reacting late.
DXY
Starting with the US Dollar Index, Nikkhil is watching for continued upside in the coming weeks as dollar strength remains supported by the hawkish Fed outlook. On the weekly timeframe, the key resistance zone sits around 104.07, with magnet areas near 102.63 and 104.85. The expectation is that DXY can continue marching higher, reach the first major magnet zone, rip through 104.07, and then potentially roll lower from there.
On the lower timeframes, DXY has been printing higher highs, but Nikkhil is expecting a short-term retracement when the market reopens. The key support zone he is watching is around 99.46 to 99.56, rounded to 99.5. Any pullback into this area could become the next area where buyers step back in before continuation higher.
CRUDEOIL
Crude Oil is also approaching a critical area. On the weekly timeframe, price is trading close to the bearish extension level around 72.18, which has not yet been fully cleared. Nikkhil’s view is that crude could false break below this level, retest, and then begin marching higher toward the first major upside target near 86.98.
On the daily and hourly timeframes, crude has already started showing reversal behaviour, including early bullish divergence. The major confirmation level Nikkhil is watching is 77. If price can break cleanly above 77 and then complete a valid retest, that would be the signal that crude may be ready to bounce without printing another lower low. For now, the plan is focused on buying dips around 72 only if the reversal confirms, with 87 as the main target area. This false break could be the trigger before the larger bounce.
XAGUSD (SILVER)
Silver remains structurally bearish on the weekly timeframe, with a clear sequence of lower highs still intact. Although bearish momentum has started to fade on the lower timeframes, Nikkhil is not treating this as a full bullish reversal yet. For buyers to properly reclaim control, silver would need to break above 78, which is still far from current price.
In the short term, silver has completed bullish divergence on the hourly timeframe and could bounce into 69.54, with a possible extension toward 73.39 to 73.5 if the move stretches further. However, Nikkhil expects sellers to return around these levels if rejection or bearish divergence appears. The downside confirmation comes if silver breaks below the current support magnet near 60, which could open the door for a fast move toward 52 to 53, and possibly even 46 before a larger reversal forms. Silver’s bounce may be short-lived.
XAUUSD (GOLD)
Gold remains the main focus this week. On the higher timeframes, Nikkhil’s structural view is still bearish, with price trading below the 200 daily and continuing to form lower highs and lower lows. After slipping toward 4,025, gold ripped back toward 4,380, only to be slammed back down near 4,155 by Friday’s close. The big question now is whether this is the start of a deeper move toward 3,965, 3,731, and potentially 3,579, or whether buyers step in before the next major upside attempt.
For this week, Nikkhil is not looking to sell gold at discounted levels. Instead, he is waiting for a bounce. The first potential rejection area sits near 4,285, but the stronger sell zone is higher, between 4,454 and 4,491. If gold bounces into that zone and rejects, Nikkhil sees that as the cleaner invitation for sellers, with protection above 4,491. The nearest major destination remains around 3,985 to 3,965, and if that breaks, the next downside magnets come in around 3,731 and 3,579. Gold’s reaction zone is live.
This is a week where patience matters.
The key levels are already mapped, but confirmation is what separates a professional plan from emotional execution.
With PCE due Friday and the dollar setting the tone, traders need to stay prepared, wait for price to enter the right zones, and act only when the structure confirms.
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