{"id":111590,"date":"2026-04-30T13:39:07","date_gmt":"2026-04-30T13:39:07","guid":{"rendered":"https:\/\/christiancorner.us\/index.php\/2026\/04\/30\/re-test-or-rejection-dollar-is-at-the-top-while-metals-are-under-pressure\/"},"modified":"2026-04-30T13:40:05","modified_gmt":"2026-04-30T13:40:05","slug":"re-test-or-rejection-dollar-is-at-the-top-while-metals-are-under-pressure","status":"publish","type":"post","link":"https:\/\/christiancorner.us\/index.php\/2026\/04\/30\/re-test-or-rejection-dollar-is-at-the-top-while-metals-are-under-pressure\/","title":{"rendered":"Re-test or rejection? Dollar is at the top while metals are under pressure"},"content":{"rendered":"

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After the initial week’s shock, markets are starting to show a more defined structure.\n <\/p>\n

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The dollar is back off recent highs (but still below key resistance levels), gold continues to decline, silver is stable (but barely), while platinum and palladium are clearly under pressure.\n <\/p>\n

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In other words, some charts are testing strength and others are already confirming weakness. Therefore, today’s close could decide which side gains control next.\n <\/p>\n

US Dollar Index (DX.F)<\/strong><\/p>\n

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Double Top…or a Continuation Higher?
This is the first question that comes to mind when we look at the daily chart.\n <\/p>\n

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Despite Monday’s decline, bulls managed to recover and push the dollar back to last week’s highs, but here’s the main thing: nothing has really changed yet.\n <\/p>\n

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Why? Because the main resistance zone is still intact. So, unless we see a daily close at least above 98.75 (the lower bound of the April 8 bearish gap), the bullish case remains incomplete, and the path towards the psychological 100 level remains blocked.\n <\/p>\n

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For bulls, the roadmap is clear: first \u2013 reclaim 98.75 and then close the full gap with a move above \u2013 99.68. In our opinion, only then does the structure open up to higher meaningful continuity.\n <\/p>\n

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Until that happens? This is still a retest, not a breakout.\n <\/p>\n

\n Main levels to watch:<\/strong>
Support: 97.56-97.82 (green support zone) \/ 97.36
Resistance: 98.75-99.68\/100\n <\/p>\n

gold(gc.f)<\/strong><\/p>\n

\n \"Re-test
\n <\/figure>\n

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Let’s start this section with a quote from yesterday:\n <\/p>\n

\n \u201c(\u2026) The way down becomes much clearer. <\/em>\n <\/p>\n

\n The daily indicators are still strongly in favor of sellers, with the most likely next destination in the coming session being the 4516 area. (…)”<\/em>\n <\/p>\n

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From today’s perspective, Recession outlook remains as expected<\/strong>.\n <\/p>\n

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Sellers extended the move lower, pushing gold below the 38.2% Fibonacci retracement, which keeps the downside structure fully active.\n <\/p>\n

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And importantly, daily sell signals remain in place, keeping the market under pressure.\n <\/p>\n

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(…) But what if he fails to maintain the standard? \u2192 Rest analysis available <\/em>premium price<\/em><\/a> Reader today.<\/em>\n <\/p>\n

\n Silver (SI.F) \u2192 <\/strong>This section is reserved for <\/em>premium reader<\/em><\/a> Today.<\/em>\n <\/p>\n

Platinum (PL.F) <\/strong><\/p>\n

\n \"Re-test
\n <\/figure>\n

This chart is becoming very straightforward. <\/p>\n

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New Day \u2013 New Depression Gap (1951\u20131958). When we add to this a break below the 50% Fibonacci retracement and still active sell signals, the conclusion is simple: the bearish scenario from Monday remains in full swing.\n <\/p>\n

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There are no signs of stabilization yet. Therefore, as long as the gap remains open and the price remains below key levels, sellers retain complete control.\n <\/p>\n

\n \u201c(\u2026) Until bulls fail to close that gap and reclaim the wedge, sellers retain control. <\/em>\n <\/p>\n

\n What does it mean? Potential test of the next support area at 1870-1842, where: <\/em>\n <\/p>\n