DatTong

Fundamental approach: - Bitcoin prices this week have been driven by renewed risk appetite and positive spot ETF inflows, with sentiment supported by the US government shutdown’s data blackout and expectations of further Fed easing as labor market signals soften. The institutional demand narrative strengthened as US spot ETFs returned to inflows, with assets under management remaining elevated, thereby bolstering dip-buying interest. - Drivers included a modest uptick in the ISM manufacturing PMI, which is still in contraction, and ADP private payrolls showing job losses, reinforcing the view that looser policy could persist and liquidity conditions may remain supportive for the crypto beta. The shutdown has curtailed government data releases, prompting markets to rely on private indicators and amplifying sensitivity to risk sentiment and ETF flow headlines throughout the week. - Bitcoin prices could sustain momentum if ETF inflows remain positive and macro uncertainty keeps rate-cut expectations intact, though volatility may rise with limited official data. Technical approach: - BTCUSD broke the triangle pattern and rose higher, positioning itself above both EMAs, indicating an upward momentum. - If BTCUSD remains above 117000, the price may retest the previous swing high at around 123000. - On the contrary, closing below 117,000 may prompt BTCUSD to retest the broken triangle pattern and the area between both EMAs. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness

Fundamental approach - ETH prices slipped this week amid a broad crypto pullback following a weekend wave of leveraged liquidations and profit-taking, even as prior spot ETF inflows and easing Fed policy supported risk appetite earlier in the week. Sentiment was volatile as traders digested mixed ETF flow signals and macro easing after the Fed's rate cut. - The main impacting factors included a reported $1.5B in crypto long liquidations, which are pressuring majors. ETH prices posted their weakest two-day stretch since late Aug as risk unwound into Monday's session. Offsetting factors were mid-Sep net inflows into US spot ETH ETFs, led by BlackRock's product, and growing anticipation for Dec's Fusaka upgrade aimed at scaling Layer 2 data capacity. - In the near term, ETH could stabilize if ETF flows remain favorable and macro conditions stay supportive; however, further deleveraging and data-sensitive risk sentiment could keep swings elevated. Upcoming catalysts include continued daily ETF flow prints, developer communications around the Fusaka timeline, and features that may influence medium-term adoption. Technical approach: - ETHUSD is forming a lower high and lower low pattern within the defined range of 4080-4756. The price is awaiting a clear breakout to determine the upcoming trend. - If ETHUSD breaks below the support at 4080, EMA78, and the descending channel's lower bound, the price may retest the following support at 3384. - On the contrary, closing above 4260 may help ETH prices gain momentum to retest the descending channel's upper bound. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness

Fundamental approach: - Bitcoin prices declined amid a risk-off tone and sizeable spot ETF outflows following last week's post-record pullback and liquidation-driven volatility. - Selling pressure was reinforced by Tue's sharp net redemptions from US spot Bitcoin ETFs (about $523M), alongside broader crypto weakness early in the week; traders also positioned around macro risk with attention on policy signals from Jackson Hole. - Concurrently, recent rotations toward ETH products contrasted with BTC's softer demand profile in Aug, adding relative headwinds. - Ahead, BTC could remain sensitive to ETF flow trends and Fed communication. The persistent outflows and cautious risk sentiment may cap rebounds, while a flow stabilization could restore bid momentum. Technical approach: - BTCUSD broke the ascending trendline and was between both EMAs. The price is testing EMA78, which is in confluence with support at 112000. - If BTCUSD breaches the support below 112000 and the neckline of the double-top pattern, the price may plunge to the following support at 106200. - On the contrary, a close above 115000 may prompt a further retest of the broken descending trendline. Analysis by: Dat Tong, Senior Financial Markets Strategist at ExnessIt's a wrong label with "Long" while it should be "Short", plz help to take note.

Fundamental approach: - Gold gained this week, supported by renewed trade tensions following new US tariffs on major partners and rising expectations of a Fed rate cut in Sep. - Safe-haven demand strengthened after weak US NFP data heightened concerns about economic growth and reinforced market bets on monetary easing, while US President Trump's tariff announcements drove risk aversion. - Comments from Fed officials signaled openness to policy adjustments, keeping investors focused on future rate moves even as the US dollar softened and global equities stabilized. - XAUUSD could remain resilient if upcoming US labor and inflation data continue to disappoint. Technical approach: - XAUUSD fluctuates within a broad range. The price is forming a big Triangle Formation, awaiting an apparent breakout to determine the next movement. - If XAUUSD breaches above the Triangle Pattern and the resistance at 3433, the price may continue to advance with the measured target at 3600. - On the contrary, closing below support at 3560 may prompt XAUUSD to continue range-bound movement by retesting support at 3273. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness

Macro approach: - Gold retreated this week, reversing early gains to trade near four-week lows amid renewed US dollar strength and caution ahead of the Fed's policy decision. - The retreat was mainly pressured by stronger-than-expected US economic data and a tentative revival in risk appetite, offsetting pockets of safe-haven demand. - Key drivers included robust US GDP growth for 2Q, a bounce in consumer confidence, and the Fed's steady rates with a more hawkish tone, suggesting cuts may be further out. - Meanwhile, recent US-EU and US-China trade deals eased some global uncertainty, damping gold's appeal as a hedge. - Market participants also eyed the labor market's continued cooling, but resilient consumer spending further buoyed the dollar. - Gold may remain volatile, with potential upside if upcoming US PCE inflation and NFP reports disappoint expectations. Any escalation in trade tensions or signals of Fed policy easing could renew support for gold prices. Technical approach: - XAUUSD fluctuated within the range of 3285-3560, which is below the broken ascending trendline. The price between the two EMAs awaits an apparent breakout to determine the next trend. - If XAUUSD breaks below the support at 3273, confluence with EMA78, the price may plunge to retest the following support at 3167. - On the contrary, remaining above the support at 3273 may lead XAUUSD to retest the resistance at around 3560. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness

Macro approach: - XAUUSD advanced this week, supported by broad-based US dollar weakness and reviving safe-haven demand amid rising global trade tensions. The yellow metal briefly reached a five-week high as investors sought safety following headlines of escalating US tariffs and uncertainty over the Fed’s policy direction. - Gold may remain well-supported if risk aversion persists, with upcoming global PMIs and further US trade developments set to guide market direction. Additional Fed commentary and central bank actions could trigger new volatility for XAUUSD throughout the week. Technical approach: - XAUUSD remains above both the EMA21 and EMA78, reflecting ongoing bullish momentum. The recent price action shows consolidation below the resistance at 3430 after rejecting the swing high. In contrast, higher lows have formed above the ascending trendline and the support at 3285. - If XAUUSD stays above the support at 3560, it may extend towards the previous swing high at around 3430 and open for another record high. - On the contrary, if the price drops below the support at 3560 and the ascending trendline, it may retreat toward the following support at 3165. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness

Macro approach: - Gold traded defensively this week, consolidating above the $3,300 level amid shifting risk sentiment and anticipation of significant trade policy developments. The yellow metal's performance was pressured by a firmer US dollar and easing geopolitical tensions, as optimism around potential trade deals and tariff suspensions reduced safe-haven demand. - Market drivers included resilient US economic data, the Fed's cautious stance on rate cuts, and ongoing trade negotiations. The 9 Jul deadline for suspended US tariffs and President Trump's threats of new levies on BRICS countries kept investors on edge, while the release of FOMC minutes and strong NFP further dampened expectations for imminent Fed easing. Despite these headwinds, underlying concerns over US fiscal deficits and global policy uncertainty supported Gold's longer-term appeal. - Gold may remain volatile as markets await clarity on US trade policy and the 15 July US CPI release. Both could influence Fed rate expectations and risk appetite. Any escalation in trade tensions or disappointing economic data could revive safe-haven flows into Gold. Technical approach: - XAUUSD consolidated within a tight range of 3285-3560, just lightly above the ascending channel's lower bound. The price is at EMA21, indicating that a bullish momentum is still intact. The market is waiting for an apparent breakout to determine the trend. - If XAUUSD breaks above 3560, the price may retest the following resistance at 3430. - On the contrary, closing below support at 3285 may allow Gold to retest the following support at 3165. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness3360 instead of 3560, sorry for the typo.

Macro approach: - Gold prices have recently pulled back as investors took profits at elevated levels to offset losses elsewhere amid rising geopolitical tensions in the Middle East and steady Fed holding rates. - Speculation is mounting that the US may involve into the Middle East conflicts, raising fears of a broader regional tensions. - Meanwhile, a dovish Fed outlook signaling two potential rate cuts this year and concerns over growing US debt continues to provide underlying support for gold prices. Technical approach: - XAUUSD is retesting EMA21, and the support level is around 3560. The price is above both EMAs, indicating that the upward momentum is intact. - If XAUUSD closes below EMA21, it may continue to plunge and retest the following support at 3285, which is the confluence with the ascending trendline. - On the contrary, remaining above 3560 may prompt a potential retest of the key resistance at around 3430. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness

Macro approach: - Gold rebounded sharply from mid-May lows, fueled by renewed safe-haven demand following Moody’s downgrade of the US credit rating. - However, the rally lost momentum near a two-week high as profit-taking and easing US-EU trade tensions cooled demand. - Longer-term fundamentals remain supportive, with persistent central bank buying, particularly from China, underpinning bullish sentiment. Technical approach: - Technically, XAUUSD broke above its descending channel and retested the breakout. The price remains range-bound between 3285 and 3560, and we await a clear breakout. - Closing above 3560 could open to 3430. - On the contrary, a break below 3285 risks a decline toward 3135. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness

Fundamental approach - The US Senate has cleared the GENIUS Act, its long-awaited stablecoin framework, after marathon talks. A final vote is expected after the Memorial Day break (26 May). - JPMorgan Chase CEO Dimon says the bank will soon allow clients to trade bitcoin through third-party custody, adding fresh tailwinds to institutional demand. - Spot-bitcoin ETFs are on track for a sixth straight week of net inflows, reinforcing the bid beneath prices. Technical approach: - Price is probing resistance at 106200 within a well-defined rising channel. The widening spread between both EMAs underscores building bullish momentum. - A decisive close above 107000 opens the door to 113000. - On the contrary, a drop through the support at 101400 would lead to a deeper correction to around the following support at 93000. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness