The US Dollar Index has reached the key resistance level of 100.4. After rising and retreating yesterday, gold rebounded. The main focus now is the 100.4 resistance level. Once the US Dollar Index closes above 100.4 on the daily chart, it will indicate that upside room has opened, and gold will continue to fall. If the US Dollar Index fails to close above it, watch whether gold can reclaim the 4283 support level; if it does, gold may also move higher. Geopolitical tensions have not eased, and interest rate hikes do not seem to have curbed oil prices. Oil remains above the 104 support level, so let’s first observe market sentiment. Keep a close eye on whether the US Dollar Index breaks through the resistance level. $XAUUSD