The US Dollar Index is still in an upward channel, with no indication of breaking below it for now. This pullback in crude oil is far less severe than the one in June. Gold is still facing short-term pressure. In addition, I have updated the Fibonacci levels. The levels in my chart combine a larger timeframe with a smaller one. If today’s close fails to reclaim the 37–40 range, further downside will still be needed today. At present, both the daily and 4-hour charts are converging. Whether moving up or down, we cannot see much more room, and a trend-shifting point may be approaching, perhaps awaiting a catalyst with a macro narrative. For short-term trades, take profits promptly. Once the direction is confirmed, have greater expectations for holding long-term positions. Extension levels such as 1.382 and 1.618 (stops must also be enforced decisively at these levels) are unlikely to trap traders in the absence of extreme market conditions; at the very least, they offer an opportunity to capture a rebound. Wishing everyone successful trading. $XAUUSD