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]

Technical Analysis - T. Rowe Price (TROW) has recently reached a key level of support and has overtaken the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average is a useful tool for short-term traders as it smooths out price trends and provides more trend reversal signals compared to longer-term moving averages [2] Performance Metrics - TROW has moved 7.1% higher over the last four weeks, suggesting potential for further gains [4] - The company currently holds a Zacks Rank 1 (Strong Buy), indicating strong investor interest [4] Earnings Estimates - There have been positive earnings estimate revisions for TROW, with no estimates decreasing in the past two months and seven estimates increasing, leading to a higher consensus estimate [4][5] - The combination of positive technical factors and earnings estimate revisions suggests that TROW may continue to see gains in the near future [5]

Core Viewpoint - Applied Materials (AMAT) is showing potential for a bullish trend after surpassing key technical resistance levels, indicating a favorable investment opportunity [1][4]. Technical Analysis - AMAT has recently moved above the 20-day simple moving average, which is a positive indicator for short-term traders as it suggests a bullish trend [1][2]. - The stock has increased by 12% over the last four weeks, further supporting the notion of an impending rally [4]. Earnings Estimates - There have been two upward revisions in AMAT's earnings estimates for the current fiscal year, with no downward revisions, indicating strong investor confidence [4][5]. - The consensus earnings estimate has also increased, reinforcing the bullish outlook for the company [4]. Investment Sentiment - AMAT is currently rated as a Zacks Rank 2 (Buy), which reflects positive sentiment among analysts and investors [4]. - Given the combination of positive technical indicators and favorable earnings revisions, AMAT may present a compelling investment opportunity in the near future [5].

Group 1 - Align Technology (ALGN) has recently reached a key level of support and has overtaken the 20-day moving average, indicating a short-term bullish trend [1][3] - The stock has rallied 13% over the past four weeks and currently holds a Zacks Rank 2 (Buy), suggesting potential for further upward movement [3] - There have been 6 upward revisions in earnings estimates for the current fiscal year, with no downward revisions, indicating positive sentiment among analysts [3][4] Group 2 - The 20-day simple moving average is a popular tool among traders, providing insights into short-term price trends and trend reversals [2] - A stock price above the 20-day moving average signals a positive trend, while a price below indicates a potential downward trend [2]