【11/25~11/29】Market recap and next week's scenarios (GOLD/SILVER/DXY/USDJPY/EURUSD)

GOLD (XAUUSD)

【Monthly】

• There has been about a 10-month-long bearish candle, finally it paused for a range and a potential reversal is emerging.
  
• → Since it is unclear whether the upward trend will continue or reverse, judge using lower-timeframe Dow/zone and chart patterns

【Weekly】

• A temporary zone was formed by a large rebound from a big decline, so watch whether a chart pattern forms within this zone
  
• → Entry on lower timeframes inside the zone, and chase a larger trend if it breaks out of the zone

【Daily】

• In early November, it fell from a resistance area; in the latter half it rose and is forming a consolidation
  
• → Recently, watch whether it breaks out of the consolidation to one direction, and consider direction by chart patterns formed relative to the weekly zone

【4-hour】

• Higher-timeframe is consolidating; as the consolidation tightens, wait for a breakout to chase, or wait for a clear chart pattern
  

SILVER (XAGUSD)

【Monthly】

• Not a clean three-wave advance, forms a bearish candle and declines to the weekly zone
  
• → If GOLD resumes rising, expect a strong up move; if it reverses, anticipate a move toward the lower boundary of the channel

【Weekly】

【Daily】

• Upper bound of the weekly zone and forming a W-shaped bottom against the daily zone. A clear breakout could target at least the next higher daily zone, or even the recent high
• → If the W-bottom is invalidated and it breaks below, expect a renewed decline
  
  

DXY

【Monthly】

• A rebound from the monthly zone continues, but a long upper wick remains, so the monthly Dow turning point is not yet confirmed
  
• → After this, will the body show a Dow turn, or will it fall again to test the monthly zone underside

【Weekly】

• The weekly chart has broken the neckline and Dow turned, forming Wave 1, then turning back from the weekly zone and falling
  
• → If it holds the neckline as resistance and rises, a strong three-wave dollar-strength scenario is likely; if it breaks below the neckline, it points to dollar weakness

USDJPY
【Monthly】

• Rallied close to the upper end of the zone, but formed a long upper wick and closed as a bearish candle within the monthly zone
  
• → A decline that offsets the Trump-era dollar strength is underway, and a still-present dollar-soft scenario remains within the zone range

【Weekly】

EURUSD

【Weekly】

• It broke above the diamond formation but reversed and fell to the lower edge of the old neckline, now recovering
  
• → The wave pattern is quite unclear. If the DXY merely retraces, the euro could fall again; if the dollar weakens, the euro could rise sharply