The U.S. dollar is pulling back sharply after a failed breakout, precisely as technical analysis anticipated. Meanwhile, gold and silver are powering ahead into new high ground. This isn't market chaos—it's a disciplined, momentum-driven rotation. Gold's breakout has been confirmed, leaving bulls firmly in control with a clear path toward higher targets. Silver is also accelerating upward. The overarching theme is one of continuation: the downtrend in the dollar and the robust uptrend in precious metals both remain firmly intact.
Major Points:
Market Rotation, Not Breakdown: The current move represents a classic rotation within a strong trend, not a chaotic reversal.
Dollar Index Weakens: The USD failed to hold a breakout, rolled over into expected support, and maintains a bearish momentum outlook—further downside is likely.
Gold Confirms Bullish Breakout: Bulls successfully pushed price above key resistance, printing new highs with no current sell signals. The structure remains intact with higher targets in view.
Silver Joins the Rally: Silver is showing momentum expansion after a consolidation phase, aligning with gold's bullish trajectory.
The Big Picture: This is a clear trend-continuation environment. Metals are bullish across all timeframes, while the dollar remains under corrective pressure unless it can reclaim its broken channel.
