Dow Futures short-term Elliott Wave analysis indicates that we may soon complete a cycle. Wave (5) must go beyond the 47,323 level to confirm this, which could open up promising opportunities for traders.

Gold Remains A Stable Asset

Gold continues to be a reliable asset amid economic challenges, ensuring it retains its value. Meanwhile, Dogecoin is stable at around $0.19, with large holders purchasing more. If weekly support holds, it could recover to $0.23. Traders should be mindful of risks and conduct thorough research before investing. FXStreet does not offer personalized investment advice. Currently, Dow Futures (YM) appear ready for one last upward push to complete a cycle that started in April 2025. Recent CPI data from September 2025 shows inflation cooling to 2.8%, suggesting the Federal Reserve might keep interest rates steady. The key now is for the index to break its previous high of 47,323 to confirm this final move. For traders, a short-term pullback offers a chance to buy into bullish positions, such as call options or long futures contracts. As long as the index stays above the important level of 45,391, any dips should be seen as buying opportunities. With the VIX, the market’s fear gauge, at a calm 16, there are no signs of panic that could disrupt this upward trend.

US Dollar Weakness Aids Asset Strength

In addition to equities, gold’s lasting appeal is crucial as a hedge. With the US national debt surpassing $37 trillion, concerns about long-term fiscal stability are growing. Data from the third quarter of 2025 shows that central banks are still strong net buyers of gold, a trend that started during the high inflation period in 2022. The weakening US Dollar benefits both stocks and commodities. The Dollar Index (DXY) has dropped to around 103 from its high of 107 earlier this year, making dollar-denominated assets more appealing. This trend suggests continued strength in currency pairs like EUR/USD and supports the rally in equities and gold. For those willing to take on more risk, we see positive signs in speculative assets like Dogecoin. Recent data shows that wallets holding more than 10 million DOGE have increased their balances by over 5% in the past month. This accumulation by large investors could help push the price toward the $0.23 resistance level if market sentiment remains optimistic. Create your live VT Markets account and start trading now.

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