At the dollar resistance level, metals are falling

The market has started showing its hand.

The dollar is heading towards resistance after a controlled rebound, while gold and silver are already reacting – and not in a bullish favor. This creates a classic setup: One market is hesitating… others are already moving. And usually, it doesn’t last long.

USD (DX.F): Pushing higher… but hitting a wall

The first thing that stands out on the daily chart is today’s short Bullish Gap (99.40-99.44)Which started the Asian session and is currently acting as very short-term support.

Bullish? At first glance, yes.

But when we zoom in on the H4…the tone changes.

From this perspective, we see that the recent rebound has pushed the dollar straight into a key resistance zone, defined by the 50% Fibonacci retracement of the last decline and a very short-term black declining trendline (which can also act as the upper border of a channel or a falling wedge, depending on what happens next).

When we take the above into account and combine that with the fact that the CCI and Stochastics have already moved into their overbought zones + the price is still trading inside the orange consolidation, and suddenly… the upside movement doesn’t look so open anymore.

Even if the bulls manage to push a little higher, real control only comes with confirmation:

• Daily close above the falling trend line
• Breakout above consolidation (99.96)

in our opinion, only then The road will remain open towards the end of March 16. Until that happens? The setup remains delicate, and the risk of a move back south is very real – especially if the H4 indicators flip to sell.

Therefore, if the bulls fail and close the session below the black falling trend line, the bears may move in and push the dollar towards 99 and below in the coming days.

Gold (GC.F): Breakdown Active → This section is reserved for premium reader Today.

Silver (SI.F): Bears take control

Let’s start this section with a quote from yesterday:

“(…) The recovery move brought silver straight into a key resistance group:

• 50% Fibonacci Retracement (7434)
• last week’s highest
• psychological 7500 level

At the same time, the indicators are close to generating sell signals and the price has slipped below the lower boundary of the rising wedge, which raises a question: is this strength… or exhaustion?

For bears, the trigger is clear: break below the orange consolidation (7179) + sell signal. If confirmed, the path to the downside opens:

• 6883 + Today’s Gap Fill (…)”

Looking at the above chart we see silver Bears followed the above scenario almost immediatelyclosed below the orange consolidation bottom line on Wednesday, which translated to A fresh bearish gap (7093-7264) At the beginning of the Asian session.

This kind of price action reduces continuity, and accelerates the realization of the scenario we discussed yesterday. price moved just below the first negative target And This move worked for those who took action on the breakdown (Congratulations!).

What will happen next? → Rest analysis available premium price Reader today.

today’s takeaway

dollar:neutral -> resistance in game.
The rebound is testing key resistance but has not confirmed the breakout. Therefore, if we see a daily close above the black trendline + consolidation breakout, we will get a bullish continuation. On the other hand, if we see a failure here, the next move could take the greenback towards 99.

Sleep:(…)

silver:(…)

execution plan: Don’t trade in the middle – trade at the levels that matter. (…)

final thoughts: Let the market confirm the move to key levels before committing.

If you don’t want to miss the next step while it’s being built – not after it’s already happened – you can trial Premium Lab Notes free for 7 days here:

👉 Premium Access: Anna’s Trading Lab

Be patient, respect the levels and let the market show its hand before taking new risks.

Anna