The US dollar index (DX.F) remains under pressure after Wednesday\u2019s rebound failed to restore the 101.67\u2013102.27 consolidation or reverse the broader technical damage. Thursday opened with a fresh bearish gap at 101.51\u2013101.60, then the index slid back below the June and July reference highs to 101.27 before a modest rebound. It came within 0.01 of an anticipated support cluster without entering it. Focus now shifts to 101.11\u2013101.26, which is formed by the September 30 and October 1 bullish gaps; just beneath, the 38.2% Fibonacci retracement sits around 101.10 and lines up with a measured projection near 101.07. The bearish gap remains open; while price stays below it, and below former highs plus 101.67, sellers retain the stronger technical case, with the daily close set to determine confirmation.<\/p>\n\n
Gold (GC.F) has fallen despite the softer dollar, with sellers pushing prices close to the 4080 downside objective identified after the Oct. 14, 2026 break of the orange consolidation; Thursday\u2019s low was 4082.35. The move ran through the full 4098\u20134135 weekly bullish gap intraday, with the chart snapshot at 4101.87, yet a weekly close below 4098 is required to confirm a gap closure. The 78.6% Fibonacci level at 4113.74 sits in the same zone, while Stochastic has issued a sell signal and CCI plus RSI remain weak. If the weekly gap fails into Friday, attention turns to 4036\u20134060, combining the July 30 bullish gap and a falling-wedge boundary near 4050; on any rebound, 4156 is first to reclaim, with 4233 and 4240\u20134250 as higher resistance. Other metals are also under selling pressure: silver is testing a key support mix, platinum\u2019s four bullish opening gaps have been met by a bearish reversal, palladium has met two downside objectives, and copper has completed the minimum measured drop from its consolidation.<\/p>\n\n