Intraday Market Thoughts

DXY Analog

by Ashraf Laidi
Oct 7, 2026 14:44

Before I mention the dollar index, gold has finally reached the bottom of that triangle formation mentioned repeatedly and last on Monday here. Will gold bottom at 4050/55? . Look at how DXY is breaking above its 200-WMA (while EURUSD breaking below its own 200 WMA). See the similarity in DXY's 200 WMA breakout to that of December 2021. Will it extend to the all important 103.55?

 
 

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