Welcome back to your weekly Moneytize market forecast. This upcoming week is shaping up to be one of the most important trading weeks of the month, with a heavy lineup of central bank decisions and macro events that could drive major moves across currencies, commodities, and precious metals. We begin with the Reserve Bank of Australia, then move into the Federal Reserve rate decision, economic projections, and Jerome Powell’s press conference, before the market also digests announcements from the Bank of Japan, Swiss National Bank, Bank of England, and the European Central Bank. In other words, this is a true global central bank week, and Nikkhil has mapped out the key levels and reactions that matter so you can approach it with clarity instead of emotion.
DXY (Dollar Index)
Nikkhil begins with the US Dollar Index because the dollar is likely to set the tone for multiple markets this week. Technically, DXY has been bouncing from a key higher-timeframe support around 96.28, with weekly bullish divergence helping to explain the recovery. In the near term, the index is now approaching a key resistance cluster, with the closest magnet zone sitting around 98.35 to 98.50, while the more important resistance area comes in near 101.08 and 101.74. The main idea is that the dollar may continue pushing higher into FOMC, but what happens next will depend heavily on the Fed’s tone.
If Powell leans hawkish and the market interprets the guidance as supportive for higher rates for longer, Nikkhil sees room for DXY to extend higher into that major resistance zone and possibly beyond. But if the move into the highs comes with signs of exhaustion, especially bearish divergence, then the rally could begin to fade. For that reversal to carry more weight, price would need to break back below local support around 99.39 and then lose 98.35 more decisively. Until then, the broader idea remains that the dollar can stay supported into the event before the real post-FOMC reaction reveals whether this is a final push or the start of a larger reversal.
EURUSD
On EURUSD, the picture continues to mirror the dollar’s strength. Nikkhil highlights that while the pair still holds a broader bullish structure on the monthly timeframe, the weekly and daily charts have clearly shifted bearish. The market has already completed a bearish break in structure, and sellers are pressing the pair toward the 1.1405 to 1.1400 zone, which now acts as the nearest local magnet support. If that level gives way, the next major downside area comes in around 1.1250.
For this week, Nikkhil’s bias is straightforward: sell the rallies unless price proves otherwise. He sees the higher-probability scenario as either a short-term bounce from around 1.1400 followed by renewed selling pressure, or a direct continuation lower into 1.1250 before buyers attempt a more meaningful corrective rebound. On any bounce, the 1.1493 area becomes important, with room for a deeper retracement toward 50% or 61.8% levels, but the bearish view remains intact unless EURUSD can reclaim 1.1618, which Nikkhil considers a low-probability outcome for now. This is one of those setups where the chart may look tempting on the long side intraday, but the bigger opportunity still appears to be on controlled rallies into resistance. This level could trigger a sharp reaction in EURUSD.
SILVER
Silver is sitting at a very interesting junction, where short-term pressure is meeting a much stronger higher-timeframe support structure. Nikkhil points out that the broader support zone remains firmly in place, with the market finding strong structural interest between 73.57 and 76.84, while the weekly chart has already confirmed support around 72.3. At the same time, silver remains below higher-timeframe resistance around 95.78, and in the short run the market is still under corrective pressure. That means the near-term weakness cannot be ignored, but neither can the larger bullish framework.
What Nikkhil is watching now is whether buyers can defend the 75 to 77 area, even if price briefly sweeps lower during FOMC volatility. His base case is that a false break or liquidity sweep into 72.5 to 75 could ultimately become the launch point for the next bullish leg, provided the market shows a convincing reversal from that region. If that happens, he sees upside objectives around 90 to 91.97 first, followed by 95.78, and then potentially 102 and even the 109 to 113 zone if momentum expands. The bullish case only starts to weaken materially if sellers can force a strong weekly close below 72.5, which would open the door to a deeper drop toward 65.43. Don’t miss the silver chart details.
GOLD
Gold remains one of the most important markets on Nikkhil’s radar this week because it is sitting right between short-term technical weakness and a still-bullish macro backdrop. In the short run, he does not rule out more downside pressure into or around the FOMC decision, especially if the market goes through another round of position adjustment and liquidity sweeps before the next real move begins. Technically, the current corrective phase could still extend lower, with the 5,000 area under pressure and 4,861 emerging as an important nearby support. If the pullback deepens further, the next key support region comes in around 4,582 to 4,688, with the daily downside extension also pointing toward 4,850 and then roughly 4,557 in a more aggressive flush.
But the broader message from Nikkhil is that this correction is still being treated as a pullback within a larger bullish macro structure, not as a full trend reversal. He ties that view to the wider stagflation narrative, softer US growth signals, persistent inflation pressures, and less extreme speculative positioning compared with the January correction. His plan is not to chase shorts aggressively, but to watch for accumulation opportunities if gold sells off into the key support zones. A short-term bounce toward 5,100 to 5,120 could still offer tactical downside setups back into 5,011 and 4,878, but the bigger focus is on where buyers may re-enter after the correction. If gold turns higher from 4,850 or the deeper support band, Nikkhil’s upside roadmap points back toward 5,226, 5,324, and 5,420, with much larger medium-term targets at 5,773 and 6,345 if the bullish reversal fully develops over the coming weeks. Gold is coiling around a critical decision point.
This is the kind of week that rewards preparation, patience, and disciplined execution.
With so many major monetary policy events packed into a few days, traders who come in with clear levels and flexible scenarios will be in a far stronger position than those reacting emotionally after the move has already started.
Nikkhil has laid out the technical map, the macro backdrop, and the scenarios that matter most.
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Team Moneytize