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Ready for the new trading week?
XAUUSD – Gold Daily
Gold stayed short of previous low at 3.500 , and now it looks like we have a double top.
But don’t be fooled – Gold can continue Up in no time and this would be just an episode of consolidation prior to it.
If it stays above 3245.00 , it can fly…
Resistances: 3345.00, 3375.00 & 3435.00
Supports: 3275.00, 3245.00 & 3220.00
As long as above 3150.00 Trend is Up and Strong.
US’ Bessent hails ‘substantial progress’ in trade talks with China
U.S. Treasury Secretary Scott Bessent said on Sunday that there had been “substantial progress” in talks between his team and that of Chinese Vice Premier He Lifeng in Geneva on defusing a trade war between the world’s two largest economies.Bessent said he would give more details on Monday, while U.S. Trade Representative Jamieson Greer, also at the talks, said the differences between the two sides were not as great as previously thought.
“I’m happy to report that we’ve made substantial progress between the United States and China in the very important trade talks,” Bessent told reporters.
Bessent said he had informed President Donald Trump of the progress of the talks, and there would be a complete briefing on details on Monday.
The talks had continued into a second day on Sunday as both sides discussed how to de-escalate a trade war that threatens to inflict major damage on the world economy.
Ethereum to $10K ‘can’t be ruled out’ as ETH price makes sharp gains vs. SOL, XRP
Key points:
· Ether has rebounded from key parabolic and triangle support levels, reviving the case for a $10,000 breakout.
· Historical fractals and RSI recovery mirror past pre-rally setups seen in 2016 and 2020.
· Altseason signals and strength against rivals like SOL and XRP boost Ethereum’s potential to outperform.
Ether ETHUSD, Ethereum’s native token, has soared over 44% in just three days to surpass $2,600 on May 11, fueling fresh speculation of a run toward $10,000 in the coming months.
A mix of fractal setups as well as Ether’s potential to outperform its top-ranking rivals, Bitcoin BTCUSD, Solana SOLUSD, and XRP XRPUSD, are serving as some catalysts behind the five-figure price prediction.
ETH’s “up band” target is around $10,000
Ether’s long-term price action continues to follow a parabolic curve that has defined its major market cycles since 2015.
As of May 2025, ETH has rebounded from the curve’s lower boundary near $2,100 — a historically significant support zone that has previously triggered major rallies.
If this parabolic trajectory holds, Ethereum’s next move could be toward the upper boundary of the curve, which currently intersects near the $10,000 level.
Wary investors hope US-China talks cool high-stakes trade war
Key points:
· Investors do not expect rapid, easy resolution on tariffs
· Markets recover ground after sharp tariff-fueled selloff
· Hopes high for increased clarity, but volatility fears remain
· US-China talks set to continue in Geneva on Sunday
Investors are hopeful that U.S.-China trade talks this weekend will cool a trade war between the world’s two largest economies and dispel some of the uncertainty clouding financial markets, though few expect a major breakthrough just yet.
The highly anticipated meeting in Switzerland could mark one of the biggest developments since U.S. President Donald Trump launched sweeping tariffs on April 2, which threw the global trade landscape into chaos and set off extreme market volatility.
“This is the mother of all negotiations,” said Alejo Czerwonko, chief investment officer, Emerging Markets Americas, at UBS.
“There are hundreds of billions of dollars of trade on the line, a 145% tariff on Chinese exports that amounts to some sort of de facto embargo and grievances that extend well beyond trade.”
As of 1810 GMT on Saturday, the U.S.-China trade talks in Geneva had adjourned for the day and were set to continue on Sunday, a source familiar with the discussions told Reuters.
Recently, investors have expressed optimism that the worst-case trade scenarios would not come to pass, and pointed to signs of de-escalation between the U.S. and China as a reason behind a rebound in equities.
But despite comments by Trump ahead of the talks suggesting a lower level of Chinese tariffs, and a trade deal announced on Thursday between the U.S. and Britain, many market participants said they were not expecting major breakthroughs this weekend.
Both the U.S. and China may want, or even need, to reach a deal, said Liqian Ren, director of Modern Alpha at WisdomTree Asset Management. At this early stage, however, there seems to be little incentive to do so rapidly, she added.
SOLUSD
Support: 166.50, 164.90 & 160.45
Resistances: 176.05, 180.35 & 197.25
As long as SOL plays within this mid channel, it can go both ways – this is kind of banana slide zone – you don’t want to be long within it.
Break above 197.25 would secure months of Uptrend and target would be at around 300 and even 350.00
ETHUSD Daily
Supports: 2365.00, 2345.00 & 2265.00
Resistances: 2435.00, 2490.00 & 2545.00
As 98K is for BTC, 2545.00 is for Ethereum – needs to go above it to have a sustainable Rally.
If it does succeed, we’ll be seeing 3500.00 fairly soon, but if not test of supports would be in line.
1360.00 is that important level that needs to hold for Ethereum to continue Up.
BTCUSD 4h – Bitcoin
Supports: 103.300, 102.950 & 102.335
Resistances: 104.150, 104.400 & 105.150
BTC is targeting 109.500 in this moment, but has to hold above 103.300 to be able to start climbing again today.
If stalls here, and loses 102.335 it will delay further advances and send BTC to test deeper supports.
98K is a level that has to hold for this rally to continue.
EURUSD Daily – Late Friday view
EUR tested resistance at 1.12800 – even reached 1.12930 , but as I am always reminding you – did not close even one hour above 1.12800
So that uptick ended down about 40 pips.
We’ll see how EURUSD will really close tonight and I’ll be evaluating it over the weekend, but in this moment I can only say : Bearish Monday….
1.12450 Pivotal on Hourly and smaller time frames.
US500 HOUR CHART – What is AT showing?
Some disappointment that the 5700 break did not hold.
Range widened to 5575-5720 with moves this week outside of 5600-6700 lacking follow through.
Risk of a gap open next week depending on any headlines coming fro the US-China talks although there are just a preliminary discussion to break the ice.
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