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Having broken triangle resistance stemming from the record highs and cleared horizontal resistance at $3367, things are once again looking bullish for bullion. Add in renewed upward momentum in RSI (14) and a bullish MACD crossover, and the preference remains to buy dips and topside breaks.$3367 now looms as a key level to build bullish setups around, offering a logical area to establish longs with a stop beneath for protection. It would be preferable to see gold retest and bounce off $3367 before entering the trade.$3434 screens as an initial upside target, with a clean break likely to put gold on a collision course with the record highs at $3500.Good luck!DS

Gold is poised to mark the largest single-day advance in nearly a month with XAU/USD stretching back into resistance at 3355/80- a region defined by the 61.8% retracement of the April decline and the record high-day reversal close. Looking for a reaction off this mark with a close above the median-line needed to fuel a run towards the record high-close at 3431 and the all-time high at 3500.Weekly / monthly open support rests at 3289 with key support / medium-term bullish invalidation now raised to the 61.8% retracement of the May rally near 3219.-MB

Bitcoin's rally stalled at the $108,500 resistance level, with prices now pulling back and breaking below the steep uptrend line. The MACD is crossing lower and RSI is falling toward neutral, indicating momentum may be shifting. With the 50-day moving average near $94,400 and horizontal support around $100,000, traders may look for signs of stabilization in that zone before reassessing trend continuation.-MW

Gold is reasserting its uptrend following a strong bounce off confluence support around the 50-day moving average and trendline:Uptrend Intact: Price continues to respect the rising trendline and 50-day SMA (~$3,235), which acted as a springboard for the latest push.Momentum Shift: The MACD has turned higher again after cooling off through April-May, while RSI is climbing toward the 60 zone, a constructive sign.Next Resistance: A move above $3,400 would expose the all-time high region near $3,460.Structure: This appears to be a textbook continuation pattern—higher lows and resilience above the short-term MAs indicate buyers remain in control.A break below ~$3,230 would neutralize the bullish structure, but for now, bulls look reenergized.-MW

After I highlighted the potential for a short-term breakdown yesterday, the precious metal went on to break that $3,300 support and dropped a good $50 below it, before finding STRONG support at $3250 - a level that had not been re-tested yet after the upside breakout last week. Where do we go now, is the key question.Well, gold is now near the resistance trend derived from connecting the recent lower highs, around the $3325 zone. A clean break above this trend could target $3,360 initially, ahead of $3,400 and then there's nothing significant until the all-time high at $3,500.On the downside, the reclaimed support at $3,300 is now key. It needs to hold its own above this level to prevent a bigger slide down the line.By Fawad Razaqzada, market analyst with FOREX.com

Last week saw gold bounce back after holding its one-year old bullish trend line and support around $3,120-$3,167 range. As well as that, this area was also the point D of an AB=CD move, sometimes called a bullish Gartley pattern. This area will be key on any future dips – bearish if we go below it. For now, gold is consolidating, but starting to look a bit heavy again. The lower highs from the past several weeks suggests appetite for the safe haven assets is waning. Interim support is now seen around $3,300. Things will get interesting if gold now breaks decisively below this level. If that happens, the next stop could be at $3,250, which as the last resistance pre breakout last week. Below that, $3,200 and the support trend of the larger consolidation pattern will come into focus. Resistance comes in at $3,325, followed by $3,360, with the latter marking the resistance trend of the consolidation pattern. Above it, $3,400 and then the all-time high of $3,500 are the next key levels. By Fawad Razaqzada, market analyst with FOREX.com

Bitcoin (BTC/USD) has officially broken above the psychologically and technically significant 108,500 zone, confirming bullish continuation:Trendline Support Holds: The rising trendline from March remains intact and continues to guide the advance.Breakout Confirmation: Price is now comfortably above previous resistance at 108,500, turning it into new support.Momentum Strong: MACD remains firmly in bullish territory, while RSI is pushing into overbought levels—suggesting strong upside but warranting caution.Next Resistance: Little stands in the way until 115,000 and potentially 120,000 if momentum persists.Watch for Retest: Short-term consolidation or a retest of the 108,500 zone could provide a healthier base for further gains.Bitcoin remains in bulls' control unless we see a decisive drop back below trendline support.-MW

Over the past three trading sessions, BTC has gained more than 5%, marking a new all-time high above the $109,000 zone. The current bullish bias can largely be explained by optimism surrounding cryptocurrency regulation, as the U.S. Senate debates new pro-crypto legislation. However, the strong upward momentum has started to ease gradually, and the price is beginning to consolidate near its record levels.Steep Bullish TrendSince April 9, BTC has maintained a strong upward trend, pushing the price back toward historical highs. So far, there has been no significant selling correction that could challenge the current bullish structure, making it the most important technical formation to monitor in the short term. However, it is worth noting that the trend has become increasingly steep, which could create room for short-term pullbacks.RSIThe RSI line remains above the overbought zone at the 70 level, indicating that the recent buying impulse has been strong enough to unbalance market forces. This increases the likelihood of a short-term corrective move as the market seeks to reestablish equilibrium.MACDDespite the continued rise in price, the MACD histogram is hovering close to the zero line, which fails to confirm strong bullish momentum. This may signal that a period of neutral consolidation could continue around the current all-time highs.Key Levels to Watch:$106,000 per BTC: Current price barrier aligned with the historical high zone. This level could act as a resistance area, potentially triggering short-term selling corrections.$115,000 per BTC: A psychological target and the next tentative resistance. Bullish moves approaching this level would reinforce the current upward trend.$100,000 per BTC: A key support level, located at a previous consolidation area and a strong psychological threshold. A break below this level could put the current bullish structure at risk.Written by Julian Pineda, CFA – Market Analyst

Bitcoin (BTC/USD) remains in an aggressive uptrend but is showing early signs of hesitation near a major resistance level:Trendline Intact (for now): Price is still riding an ascending trendline, but today's bearish candle hints at momentum cooling.Resistance at 108,500: This level has capped multiple rallies; rejection here could signal a short-term top.MACD Losing Momentum: Though still above zero, MACD histogram is flattening, hinting at a possible fade in bullish momentum.RSI Near Overbought: RSI is hovering just under 70, not yet divergent but worth monitoring for reversal signals.Watch for Break or Bounce: A close below the rising trendline (~103,500) could trigger a deeper pullback toward the 50-day SMA near 90,000. Conversely, a breakout above 108,500 could unlock fresh upside toward prior highs.Price action in the next 2–3 days will be crucial to determine whether bulls maintain control or profit-taking accelerates.-MW

Gold is holding just above rising trendline and 50-day SMA support (~$3,175), but the rebound has been tepid so far:📉 Price action: Small-bodied candles reflect indecision📊 RSI stuck near 50, suggesting a lack of directional momentum📉 MACD still trending lower, though starting to flatten📍Support:Rising trendline and 50-day SMA: $3,175–$3,180Below that: $3,100 (psychological + former resistance)📍Resistance:Initial resistance near $3,300Heavier resistance back at $3,400+⚠️ Big picture: The longer gold churns sideways near trendline support, the more vulnerable it becomes. Bulls need a strong move above $3,300 to reassert control.-MW