The expectations of the pound and gold in the weakness of the US dollar

The greenback is close to the bottom degree in 3 years, helps the pound over 1.30 and gold over 3,200. Be taught in regards to the anticipated inventive situations for this week.

Probably the most distinguished occasions:

• The US greenback index continues its weak point close to its lowest degree in 3 years

• The British pound towards the greenback faces fluctuations along with unemployment knowledge (Tuesday) and inflation (Wednesday) in the UK

• The launch of the financial coverage conferences for April, led by the European Central Financial institution and the Financial institution of Canada, amid the escalation of economic tensions

• Gold maintains its attractiveness as a protected haven above the extent of $ 3,200

US greenback index forecasts – timeframe 3 days (Logaretmate scale)

Supply: TradingView

The US greenback index continues to point out important weak indicators close to its lowest ranges in 3 years, whereas technical indicators are extra dive into the saturated areas, which will increase the potential for a coming reflection.

• Ascension state of affairs: Within the occasion that the index maintains buying and selling above 99, we may even see a bounce in direction of 100.50, 101.30, then 103.30.

• Touchdown state of affairs: Breaking the extent of 99 could pay the index about 98, then 96, and 94, which is consistent with the decrease restrict of the rising canal because the backside of 2008

GBPUSD forecasts – timeframe 3 days (Logaretmate scale)

Supply: TradingView

The current British financial knowledge confirmed development in GDP from 0.0% to 0.5%, which contributed to the steadiness of the pound sterling over 1.30. Because the greenback continues, the pair is buying and selling close to its highest degree for 2025 at 1.3190.

The value continues to be increased than the degrees of consolidation prolonged since 2008, however it has not but exceeded 2024 peaks.

• Rising state of affairs: Stability above 1.32 could push the husband about 1.3270-1.33, then 1.34, to 1.3540.

• The downward state of affairs: The closure under 1.3140 could push the worth to the 1.3020-1.2980 area, with the potential for the drop extending about 1.2870 and 1.2780, to check the costs up the higher course line from 2008, 2014, and 2021.

Gold expectations – timeframe 3 days (Logaretmate scale)

Supply: TradingView

Gold continues to keep up its attractiveness as a protected haven, secure above $ 3,200. The present pattern faces resistance at 3,250 {dollars}, and if this degree is clearly penetrated, the good points could lengthen about 3,290-3,300 {dollars}, with the help of the escalation of economic tensions and the weak point of the fixed greenback.

• Threat dangers:
  Within the occasion that the pattern of the greenback is mirrored or indicators of progress appeared within the commerce talks between america and China, breaking the extent of $ 3,200 could result in declining about 3,190 and three,170 {dollars}. The continuation of the correction could push costs about 3,100 and three,090, to scale back extreme buying momentum on the best time frames.

Written by: Razan Hilal, CMT
On x:@rh_waves