DXY Update — August 6, 2026US Dollar IndexCAPITALCOM:DXYWeiL9295Monthly: - DXY has tapped into the monthly FVG below — body closed within the FVG, indicating potential strength - Though it retraced alot more, we did expect did move. This is the IRL retracement we were watching for - Next ERL target sits above — expecting DXY to push higher from this zone potentially to sweep the REQH level above 101.5 4hr: - Currently in a corrective move within the monthly FVG zone - Watching and waiting for confirmation before calling the reversal - No rush — letting the market show its hand first What this means for Metals Rising DXY = rising yields = headwind for precious and industrial metals Gold, silver, copper all face pressure in a stronger dollar environment However — if DXY sweeps the ERL above and retraces, that reversal would be the catalyst metals need for their next rally leg Watching DXY closely as the leading indicator for metals positioning Bias: Bullish DXY — watching for confirmation of reversal from monthly FVG before next leg up. Metal bulls need DXY to complete its run first.