Precious metals and cryptocurrencies show bullish signals while US stock indices face critical resistance levels for further gains.
Gold and Bitcoin led market momentum as both assets tested pivotal breakout levels. Gold broke above a resistance structure tied to its April high, with the $1,710-$1,715 zone now acting as potential support. A sustained move below this range could signal a failed breakout, while holding above it reinforces bullish sentiment.
The S&P 500 futures recovered from support, eyeing a move above 7,550 to target 7,600. However, another rejection at this level would leave the rebound fragile. The Dow Jones also rebounded after briefly trading below support, with 52,150 as the key bullish confirmation level. Acceptance above this threshold would indicate buyer control.
Market focus remains on whether these assets can maintain momentum above resistance, as failure to do so may trigger pullbacks.