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📊 DXY – U.S. Dollar Index Technical Outlook 🔹 Market Structure Short-term: DXY is recovering from the recent low 97.70 → 98.20. Bigger picture: The structure is still bearish: Lower highs remain intact. Major downtrend is not broken. The rising trendline support is holding for now, but if it breaks, price could retest the previous lows. 🔹 Key Supply – Demand Zones Supply Zone (98.45 – 98.55): Previous resistance where sellers were aggressive. If price reaches this zone, fresh selling pressure is likely. Demand Zone (97.90 – 98.00): Strong buyers previously defended this area. A break below it would confirm continuation of the broader bearish trend. 🔹 Implications for Forex & Gold When DXY rises → USD strengthens → Gold (XAUUSD) usually weakens. When DXY falls → USD weakens → Gold tends to rally. ✅ Possible Scenarios: Rejection at Supply Zone (98.45 – 98.55): USD weakens → Gold may rally upward. Breakout above 98.55 and sustain: USD strength extends → Gold could drop further. ⚖️ In short: Watch the 98.45–98.55 zone on DXY for direction. Gold’s next big move will likely align with how price reacts here.

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