🟡 WHY GOLD & SILVER ARE BULLISH: A STRUCTURAL COMPARATIVE STUDY

 

(DXY vs Gold vs Silver | COMEX & MCX Perspective)

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Introduction

Gold and Silver do not move in isolation.
Their long-term trends are deeply connected to the U.S. Dollar Index (DXY).

Instead of relying on news or narratives, this study explains why Gold and Silver remain structurally bullish, using a comparative, multi-market approach:

• DXY (macro driver)

• Gold & Silver – COMEX (global price discovery)

• Gold & Silver – MCX (local reflection of global structure)

This analysis is based purely on price structure, Elliott Wave context, and momentum behaviour.

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1️⃣ DXY – The Base Case (Macro Driver)

Structural Status (Monthly)

• DXY completed a major impulsive cycle in 2022

• Since then, price action has turned:

  • Overlapping

  • Time-consuming

  • Range-bound

This behaviour fits a complex corrective phase (W–X–Y), not a new uptrend.

Key Structural Zones (Context Only)

• Resistance / Supply: 100 – 103

• Balance zone: 97 – 98

• Corrective supports: 92 – 94 → deeper 87 – 84

• Invalidation: Sustained monthly close above 105–106

Momentum Insight

• Monthly RSI near 50

• No impulsive momentum

• Confirms a non-trending / corrective dollar environment

👉 Conclusion:
As long as DXY remains corrective, sustained dollar strength is limited.

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2️⃣ GOLD – COMEX vs MCX (Global + Local Alignment)

COMEX GOLD (XAUUSD) – Weekly / Monthly Structure

• Gold is in higher-degree Wave III

• Internal Wave (3) is developing

• Price is expanding inside a rising long-term channel

• Corrections remain shallow and controlled

Momentum:

• RSI elevated → normal during Wave III

• No major bearish divergence

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MCX GOLD – Structural Validation

MCX Gold mirrors COMEX structure with no contradiction.

Key structural references:

• Primary support: ~94,950

• Major breakout / polarity zone: ~1,17,600

• Trend health: Holding above rising monthly channel

• Invalidation: Sustained monthly close below the channel

👉 MCX Gold is not an independent market — it reflects global COMEX structure + currency effects.

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3️⃣ SILVER – COMEX vs MCX (Higher Beta Confirmation)

COMEX SILVER (XAGUSD) – Monthly Structure

• Silver is also in higher-degree Wave III

• Internal Wave (3) is in progress

• Structure is impulsive, not corrective

Momentum:

• RSI elevated → strong expansion phase

• Silver naturally shows higher volatility than Gold

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MCX SILVER – Structural Validation

MCX Silver confirms the same cycle with amplified moves.

Key structural references:

• Primary support: ~1,40,000 zone

• Major breakout / polarity level: ~1,91,000

• Trend health: Holding above prior breakout

• Invalidation: Sustained weekly close below breakout zone

👉 Silver acts as a higher-beta version of Gold, expanding faster when structure is bullish.

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4️⃣ HOW DXY, GOLD & SILVER FIT TOGETHER (IMPORTANT)

Market	Structure	Implication
DXY	Corrective / range-bound	Dollar strength limited
Gold	Impulsive Wave III	Capital seeks stability
Silver	Impulsive Wave III (higher beta)	Expansion & volatility

This is a classic inter-market alignment seen during:

• Weak or corrective dollar phases

• Hard-asset expansion cycles

👉 This alignment is structural, not news-driven.

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Key Things to Note (Very Important)

• Gold & Silver are bullish because DXY is corrective

• Fundamentals may explain moves later, but price structure leads

• Corrections in metals are part of trend, not trend failure

• MCX prices confirm, not contradict, COMEX structure

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Summary

• DXY is in a complex corrective phase

• Gold & Silver are in higher-degree Wave III

• COMEX and MCX structures are fully aligned

• As long as DXY remains corrective, precious metals retain structural support

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Final Note

This analysis is structural and educational.
It explains why Gold and Silver are bullish — not how to trade them.

Price leads. Structure explains. Narratives follow.

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🔔 Disclaimer

This content is for educational purposes only and does not constitute financial advice.

DXY vs Gold vs Silver

Gold Silver Elliott Wave Analysis

Dollar Index Impact on Gold

Why Gold and Silver are Bullish

Gold Silver Macro Structure

XAUUSD XAGUSD Analysis

MCX Gold Silver Outlook

Gold Silver Long Term Structure

Precious Metals vs Dollar Index

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