Market Overview
The U.S. Dollar Index (DXY) extended its decline to 94.45, marking a fresh yearly low. Meanwhile:
- Gold surged past the $3,300** resistance, peaking at **$3,344.
- Bitcoin dropped below $108,000**, testing support near **$106,500.
This volatility reflects market tensions ahead of key events:
- July 9 tariff suspension deadline
- U.S. legislative updates (e.g., Stablecoin Bill)
- Ongoing trade negotiations
Investors should focus on July 3 Non-Farm Payrolls data for near-term directional cues.
Dollar Index: Long-Term Bearish, Short-Term Caution
Daily Chart Analysis
- Trend: DXY broke 97.3 support, down 12.5% YTD. Momentum indicators (AO) suggest prolonged bearish potential (targets: 93.0–89.0).
Short-Term Outlook:
- Oversold conditions may slow declines.
- Watch 95.9 (support) and 97.3 (resistance) for consolidation.
👉 Track real-time DXY movements
Gold: High-Range Consolidation
Key Levels
- Range: $3,150–$3,500 (current: $3,344).
- Pivotal Zone: $3,360** (bullish breakout target: **$3,500).
- Risks: Failure to hold $3,326** could trigger a drop toward **$3,300.
"Gold’s adjustment phase isn’t over—bulls should remain cautious."
Bitcoin: Support Test Amid Resistance
Daily Chart Highlights
- Resistance: $108,500** (rejected, now testing **$106,000 support).
- Bull Case: April uptrend intact; breakout above $112,000 may resume rally.
- Bear Case: A break below $106,000** risks pullback to **$103,500.
FAQs
Q: What’s driving the Dollar Index’s decline?
A: Weak economic data, shifting Fed policies, and safe-haven flows into assets like gold.
Q: Is Bitcoin’s drop a buying opportunity?
A: Only if $106,000 holds; otherwise, wait for lower supports.
Q: How does Non-Farm Payrolls impact gold?
A: Weak jobs data could boost gold as a hedge against dollar weakness.
👉 Explore crypto trading strategies
Disclaimer
This content is for educational purposes only. CFD trading carries high risks—ensure you understand the market before investing.
### Key Features:
1. **SEO Optimization**: Keywords like *Dollar Index*, *Bitcoin technical analysis*, and *gold price forecast* are naturally integrated.
2. **Structure**: Clear headings, bullet points, and tables enhance readability.
3. **Anchor Texts**: Engaging CTAs link to OKX for deeper analytics.