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The analysis focuses on gold (XAUUSD) and the U.S. Dollar Index (DXY). For gold, the analyst is waiting for a breakout back above the monthly open and the 4030-4060 area to target imbalances higher, starting around 4165. The analysis suggests potential downward movement to sweep lows before potentially pushing higher. The key weekly level for gold is 3940, holding above indicates bullish momentum. If gold fails to hold this level it would be bearish. The dollar index is currently finding support for continuation higher. The dollar is moving up off channel support from the 2011 channel. Analyst suggest resistance for the DXY is at 100.25. There are imbalance targets at around 100.6. If there is a breakout above 100.25, a push is possible toward 100.6 then it could head up to 100.8.