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Market Update – USD Index, Silver and Gold Alignment

From fxempire.com

The USD Index broke down below key technical levels, while both silver and gold rallied directly into their projected upside targets. These price movements not only validate the outlined scenarios but also open the door for the next strategic decision points across metals. Yesterday’s close below the psychological barrier of 100 and the lower border of the green rising wedge carries strong technical and psychological implications: a close below them may signal a broader trend shift (however, only if follow-through selling confirms the break). Today’s candle shows an attempted bounce back into the wedge – similar to ... (full story)

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  • Category: Technical Analysis