KINGSLIGHTFX

Gold ended a choppy week on a hopeful note, surging during the New York opening after Fed Governor Christopher Waller's comments hinted at a potential rate cut as early as July. However, most policymakers favor a wait-and-see approach, suggesting a possible delay until September. Meanwhile, escalating Middle East tensions could boost gold's appeal. Technically, gold's higher timeframe remains bullish, but the 1-hour chart shows a bearish correction to the $3,340 support. We'll monitor the market's opening closely. If gold stabilizes above $3,368, it could target $3,405, $3,425, or even $3,450. Conversely, a decline could lead to $3,333, $3,320, or $3,308.

BTCUSD experienced a sell-off, filling the gap, but buyers stepped in, mitigating the decline. If buyers hold and consolidate above $105,500, it could pave the way for a potential rally towards $108,000-$110,000. What's your outlook, traders

The current buy structure in gold suggests a bullish outlook. However, fundamental factors are presenting mixed signals, making market direction uncertain. We've identified key scenarios. A consolidation above $3388 could pave the way for a potential increase, targeting $3438, $3462, and $3480.

Gold's growth has stalled due to the US-China trade war uncertainty, repeatedly testing support levels. As a safe-haven asset, further decline to the 3270-3246 support zone is possible. Given the market's sensitivity to news, it's crucial to approach gold trading with caution, as sentiment can shift rapidly.

Short Bitcoin back to 80k before we know next move