EURUSD & Gold: The US Dollar Just Did Something BIG | Weekly SMC Outlook

Gold, Silver, EURUSD, DXY, WTI SMC outlook 🔥 IC Markets Bonuses Up To $26k: https://dailypriceaction.com/ic-markets Disclosure: I may earn a commission if you open an account through this link, at no extra cost to you. The US dollar just gave us a bullish change of character, and that could have a major impact on forex, stocks, gold, silver, and oil heading into next week. Here's what I'm watching in this week's SMC Outlook. **DXY (US Dollar Index)** The DXY broke above 102, giving us a bullish change of character (CHoCH) on the 1-hour chart. As long as last week's low holds, I'm watching for a move back toward the highs, although a retest of 101 is still possible. **EURUSD** EURUSD continues to look bearish after retesting former support as resistance. Despite the sideways price action throughout October, I still think a move toward 1.1060 is likely over the coming weeks. **GBPUSD** GBPUSD came within one pip of the 1.3435 single-print level I've been watching. With that upside inefficiency largely mitigated, I'm now watching for a potential move lower toward 1.3220 if the US dollar stays strong. **AUDUSD** AUDUSD is showing signs of weakness after retesting its broken ascending channel. We also have a bearish 1-hour CHoCH, which could signal a larger reversal toward the unmitigated inefficiency below. **S&P 500 (SPX)** The S&P 500 is showing signs of exhaustion following months of sideways price action. I'm watching 7,519 closely, as a close below that level could signal a potential top and set up a short opportunity on a lower high. **Gold (XAUUSD)** Gold rejected the exact resistance zone I highlighted last week before dropping over 3% toward 3,895. That level is now critical, and a weekly close below it could open the door to more downside following a potential bounce. **Silver (XAGUSD)** Silver continues to move lower toward the $48 support area I've been watching. This is a significant historical level that could trigger a bullish reaction and potentially establish a new trading range between $48 and $54. **WTI (US Oil)** WTI continues to look constructive within its ascending channel. I'm watching the $102–103 area for support, with the potential for another rally toward $120 if buyers can maintain control. CHAPTERS 0:00 Intro 0:24 DXY 4:06 EURUSD 4:32 EURUSD 7:51 GBPUSD 10:06 AUDUSD 13:02 S&P 500 16:30 Gold 17:00 Gold 20:30 Silver 22:30 WTI SMC LESSONS BoS and CHoCH made simple https://youtu.be/FE1bgD9N6DM Steal my liquidity sweep entry model (beginner-friendly) https://youtu.be/XH4TAoLCFBk Premium, discount, and OTE explained https://youtu.be/UWrvexqN3w8 Disclaimer: This video is for educational purposes only and is not financial advice. Trading forex, crypto, and other markets involves risk and may not be suitable for all investors. Always do your own research and never risk money you can’t afford to lose. I am not responsible for any losses you may incur from acting on the information in this video.