“Considering where this move may ultimately extend, I prefer to keep it simple and anchor to the 161.8% Fibonacci extension. Using the defined move from the February high to the April low, this projects an SPX upside objective near 6,958. And while the third year of a bull market is historically more choppy than the first two years, I don’t think it’s unreasonable to believe we could reach that 6,958 milestone before year-end. A re-escalation in the Middle East, renewed tariff pressures, another round of st ...

Group 1 - The market is experiencing fluctuations with a notable drop on Monday night followed by a rise on Tuesday night, indicating a lack of fundamental data driving trading decisions [3] - The gold price is currently facing resistance around the 3390-3400 range, which is seen as a critical turning point for potential upward movement [3][5] - The market sentiment is leaning towards bullish, but there is uncertainty as the price has not decisively broken above the 3400 level, which is necessary for further upward targets [3][6] Group 2 - The legal battle involving Cook and the White House regarding U.S. monetary policy is expected to have long-term implications, with the Federal Reserve maintaining that Cook's status remains unchanged until a court ruling [5] - The upcoming PCE data is anticipated to influence interest rate decisions, with expectations leaning towards a rate cut in September [5] - Short-term trading dynamics indicate a potential for gold to experience upward waves in the coming months, particularly in October and early next year [5][6]

Group 1 - The core agreement between UK Prime Minister Starmer and US President Trump focuses on trade facilitation measures for automotive, agricultural, and aerospace products, marking a significant milestone in their trade relations [3] - The agreement includes a reduction of US tariffs on key UK exports and an increase in UK import quotas for US agricultural products, although steel tariffs, a key UK demand, were not immediately addressed [3] - This trade agreement is the first formal deal reached since Trump announced tariffs on multiple countries, indicating a potential shift in trade dynamics [3] Group 2 - The technical analysis of London silver indicates a bullish trend, with the price creating higher highs and higher lows since early June, despite some market hesitation reflected in the candlestick patterns [4] - Key support levels are identified at $36.00 and $35.50, with a bearish reaction potentially challenging the bullish trend and revisiting the low of $34.20 from June 4 [4] - The target for the bullish trend is set at the $37.00 region, which corresponds to a significant Fibonacci retracement level, with further targets at $39.10 based on Fibonacci extension [4]