Core Viewpoint - The analysis indicates potential upside targets for crude oil based on the ABCD pattern and key resistance levels, suggesting a bullish outlook if certain price levels are maintained or exceeded [1][2][5]. Upside Targets - The ABCD pattern suggests an initial potential upside target of $65.17, supported by key dynamic resistance indicators including two trendlines and the 50-day moving average [1]. - The 200-day moving average at $65.42 is identified as an initial topside target, with resistance likely on the next approach [2]. Breakout Path - A sustained rally above $63.03 would indicate that buyers have regained control, allowing crude oil to potentially rise above the 50-day average currently at $62.16 [2]. - Holding above the $59.96 swing low for six days, confirmed by two moving averages, adds significance to this level [2]. Trigger Levels - Advancing above today's high of $60.20 would signal strength, with confirmation needed above Monday's high and the top of the five-day range at $61.78 [3]. - A rally above $63.03 would exceed the 61.8% Fibonacci retracement, positioning crude oil for a potential breakout of two falling trendlines [3]. Downside Risks - The bullish scenario could weaken if prices drop below $59.96, unless a quick recovery occurs [4]. - The 50% retracement at $59.72 serves as potential support, with the 61.8% Fibonacci retracement becoming a downside target if this level fails [4]. Outlook - A rally above $61.78 is crucial for exiting near-term consolidation, with a further rally above $63.03 needed to confirm strength and higher price potential [5]. - Today's market action supports the ongoing rally, provided that key support levels are maintained [5].

Core Insights - Gold's recent decline is attributed to profit-taking after strong gains, with the price falling from a record high [1][8] - The spot price of gold has dropped below $3,900/oz, influenced by positive developments in U.S.-China trade talks, which reduced demand for gold as a safe-haven asset [2] - Despite the recent drop of 11% from its peak, gold remains approximately 50% higher year-to-date due to economic uncertainties and geopolitical tensions [3] Technical Analysis - Gold's price retracement began after reaching an all-time high on October 20, with the relative strength index indicating a decrease in bullish momentum [4][8] - The price fell below the 38.2% Fibonacci retracement level, suggesting potential for a deeper short-term pullback [4] Support Levels - Key support level to monitor is around $3,850, aligning with the 50% Fibonacci retracement level and the 50-day moving average [6] - Another significant support level is at $3,720, which corresponds with the 61.8% Fibonacci retracement level [7] - A further decline could see gold approaching $3,450, while a key overhead resistance level to watch is near $4,380 [8]

Core Insights - Cardano (ADA) has experienced a flat trading pattern following the "Black Friday" market crash, with its price structure remaining bullish on higher time frames despite short-term weakness [1] - Whale accumulation has increased since October 12, with mega whales raising their balances from 1.50 billion to 1.59 billion ADA, indicating growing investor confidence [2][3] - The Spent Coins Age Band (SCAB) has shown a significant decline in on-chain selling activity, dropping from 179.06 million ADA to 87.33 million ADA, a 51% decrease [5][6] Price Analysis - Cardano's price is currently within a broad ascending channel, having found support near $0.61 and rebounding towards $0.73, which aligns with the 0.236 Fibonacci retracement level [7] - A breakout above $0.73 could lead to the next major resistance zone at $0.86, a critical level where previous rallies faced rejection [8] - Sustaining above $0.61 is essential for maintaining the bullish setup, with potential targets of $1.01 and $1.12 if the price breaks above $0.86 [9]

Core Insights - Dogecoin (DOGE) is currently trading around 26 cents, with traders anticipating its price movement based on the upcoming Federal Reserve interest rate decision [1][2] - Analyst Kevin notes that DOGE has tested the top of its rising channel and golden pocket for the third time this year, indicating a significant technical level [1] - The market sentiment is expected to remain muted until the Federal Reserve's policy guidance is clarified on Wednesday [2] Price Support Levels - Immediate support levels for DOGE are identified at $0.2616, $0.2586, and $0.2546, with a broader support range between $0.2455 and $0.2272 [2] - The key daily support aligns with the 0.618 Fibonacci level, reinforcing the importance of these price points [1] Market Activity - Recent data indicates a spike in Dogecoin exchange inflows, reaching 4.96 billion DOGE valued at $1.29 billion, suggesting strong retail selling pressure [4] - In contrast, whale accumulation of 890 million DOGE worth $231 million within a few days indicates a continued interest from larger investors [4] Upcoming Events - The anticipated launch of the REX-Osprey Dogecoin ETF is expected to influence market dynamics, coinciding with the recent trading activity [4]

Technical Analysis - Diagonal breakout loading, suggesting a potential upward price movement [1] - Perfect Fibonacci retracement levels identified, indicating key support and resistance areas [1]

Group 1 - The market reached an upside target zone where resistance developed, indicated by rising ABCD patterns, and despite a bearish response, underlying buying pressure remains as gold holds near record highs [1] - A decline below Thursday's low of $3,613 would signal a continuation of the pullback, with critical support levels at $3,537 (38.2% Fibonacci retracement) and $3,500 (prior trend high) [2] - Gold has not seen a meaningful retracement since breaking out of its symmetrical triangle, with a potential decline toward the 20-Day moving average at $3,465, which is currently rising [3] Group 2 - Gold is on track to finish the week above last week's high of $3,600, confirming a weekly breakout and indicating ongoing underlying demand [4] - A decisive advance above the record high of $3,675 would reinstate bullish momentum and open the door to higher targets, starting with the $3,734 price zone [4]

Core Viewpoint - The gold market is showing signs of potential pullback after a significant rise, indicating a possible consolidation phase ahead [1] Group 1: Price Movement and Trends - Since the breakout to new record highs on September 2, gold has experienced an 11% gain, or $363, over 14 trading sessions [1] - The market may be ready for a deeper pullback or consolidation after this steep rise [1] Group 2: Support Levels - The first potential support area is near this week's low of $3,576, with further key zones at $3,537 (38.2% Fibonacci retracement) and $3,500 (prior record high) [2] - A stronger support zone is identified between $3,451 and $3,439, aligning with the 61.8% retracement at $3,452 and supported by the 20-Day moving average near $3,450 [2] Group 3: Overall Market Outlook - Despite the likelihood of a pullback, the broader outlook for gold remains bullish, with buying interest expected at the 20-Day average [3] - A decisive drop below the 20-Day line would weaken the current bullish structure [3] Group 4: Weekly Closing Significance - The closing price for the week is crucial; a close below last week's high of $3,600 would indicate a failure to confirm the breakout, while a strong close above that level would reinforce the long-term bullish trend [4]

Core Viewpoint - The gold market is currently at a critical juncture, with potential bearish signals if it breaks below key support levels, while also holding the possibility for bullish reversals if certain resistance levels are breached [1][2][3][4] Price Levels and Technical Analysis - A decisive break below the triangle's lower boundary would trigger a bearish signal, requiring further weakness through the higher swing low at $3,268 for confirmation [1] - If the price closes below $3,268, it would set up a test of the May swing low at $3,121, which also coincides with a 38.2% Fibonacci retracement level at $3,149 from April's record high of $3,500 [1] - Should $3,121 fail to hold, increased volatility is expected, as failed consolidation patterns can lead to extended moves, with the 200-Day moving average at $3,043 being the next major downside target [2] Market Sentiment and Potential Scenarios - While bearish risks are prevalent in the short term, traders should be cautious of potential false breakdowns, which could lead to renewed bullish momentum if the price reverses back into the triangle [3] - A breakout above the $3,439 swing high would confirm a reversal and signal a return to the longer-term uptrend [3] Overall Market Outlook - Until gold decisively breaks beyond the symmetrical triangle boundaries, momentum is likely to remain muted, with bears currently controlling the short-term picture [4] - Key levels to watch for the next decisive move are $3,268 on the downside and $3,439 on the upside [4]

Group 1 - The 20-Day moving average has recently turned down, indicating potential resistance around the 200-Day MA and the 20-Day MA, consistent with a bearish flag formation and a bull channel breakdown [1] - A significant support zone is identified between $65.74 and $64.50, which includes the 50-Day MA and other technical levels, suggesting that a decline below the 61.8% Fibonacci retracement will confirm a continuation of the bear flag breakdown [2] - A rally above today's high of $67.41 could lead to testing resistance around the 20-Day MA at $68.47, while a decline below today's low of $66.50 would trigger further bearish movement [3] Group 2 - The current market conditions reflect a narrow trading range, which is not typical for a solid breakdown, indicating caution among traders [3]

Core Viewpoint - A trading analyst maintains a bullish outlook on Tesla, setting a price target of $600 despite recent tensions between CEO Elon Musk and President Donald Trump [1][10]. Group 1: Market Reaction and Stock Performance - Tesla's market cap decreased by $150 billion on June 5, but the stock rebounded over 3% to close at $295 on June 6 [2]. - The recent dip in Tesla's stock is viewed as a short-term pullback within a broader bullish trend [4]. Group 2: Technical Analysis - Tesla is currently within a long-term upward channel that began after the stock's low in January 2023, with a significant support level identified at the 0.236 Fibonacci retracement [5]. - The current downturn is interpreted as the early stage of a bull flag, suggesting a potential breakout in the near future [6]. - A price target of $600 aligns with the upper boundary of the channel and the 1.0 Fibonacci extension, which could be reached by early November 2025 if the bullish trend persists [7]. Group 3: Upcoming Events and Strategic Focus - Attention is shifting towards Tesla's upcoming robotaxi unveiling on June 12, which is considered crucial for the company's push for unsupervised autonomous driving approval [8]. - The public feud between Musk and Trump is expected to diminish as the robotaxi launch approaches, with analysts expressing optimism about Tesla's stock prospects [10]. Group 4: Broader Market Sentiment - Wall Street remains optimistic about Tesla, with Morgan Stanley reaffirming a long-term price target of $1,000, contingent on successful expansion into drones and urban air mobility [10][11].