Welcome back to this week’s Moneytize Forex Forecast. This isn’t just another trading week, it’s a transition phase. With Jerome Powell quietly signaling a 30 - 60 day window for potential shifts, markets are entering a period where reactions will become sharper and more decisive. Add to that the upcoming NFP release, and you’re looking at a week where positioning matters more than prediction. Nikkhil has mapped out exactly what’s unfolding, and more importantly, what needs to happen next.
DXY (Dollar Index)
The dollar has now shifted firmly into corrective mode after completing a five-leg bullish structure topped with bearish divergence. Price has already moved through key retracement zones and is now extending lower, with the next downside objective sitting at 97.29. If momentum continues, a deeper push toward the 78.6 - 85.4 retracement region, aligning with the 96.64 to 96.94 price zone, becomes a real possibility, marking a more complete corrective phase. What Nikkhil is watching closely is how the dollar behaves as it approaches these targets. A bullish divergence forming near 97.29 could signal exhaustion in the current selloff, setting up a reversal. Until then, short-term pressure remains to the downside, and that has direct implications across correlated markets, especially gold. If the dollar hits this zone and reacts, the shift could be fast.
Gold (XAUUSD)
Gold is where things get interesting, and confusing for most traders. Despite geopolitical tension and rate holds, gold has continued to bleed. But structurally, nothing is broken yet. On the higher time frames, the bullish trend remains intact, with no confirmed structural shift unless price breaks below 3,987 on the weekly. What we’re seeing now is a controlled correction within a larger uptrend. On the daily chart, gold is compressing into a triangular structure, forming lower highs and higher lows. This kind of price action typically precedes expansion. The key levels to watch are clear: resistance near the 4,700 region, and downside magnet zones between 4,234 and 4,067. If price breaks below the rising trendline, those lower zones come into play quickly. On the lower time frame, support around 4,550 is critical. A clean break below that level flips it into resistance and opens the path toward 4,360. On the flip side, any bounce toward 4,680 - 4,700 without strong acceptance above keeps the bearish leg active in the short term. This is not random movement, it’s positioning before expansion. Don’t miss the chart details.
NASDAQ (US100)
NASDAQ continues to show strength, maintaining a clean bullish structure across multiple timeframes. Higher highs and higher lows remain intact, with no confirmed bearish divergence on the charts. Momentum is still in favor of buyers, but it’s starting to slow as price approaches the 161.8 extension near 28,232. The key for this week is how price reacts on pullbacks. The 27,500 level stands out as a strong buy zone, with deeper support around 27,200. As long as price holds above that lower boundary, the bullish thesis remains valid. A sustained break below 27,200, however, would be the first sign of structural weakness. For now, dips are still opportunities, but they need to be approached with precision, not assumption. This level could trigger a big reaction.
The setups are already on the board.
The only question is whether you’re ready to execute when it matters.
Watch the full breakdown now and step in with a plan before the crowd catches on.
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Team Moneytize