Overbought markets can stay overbought as greed is harder to conquer than fear.               -- BofA Michael Hartnett
Hello mooers!
Markets pushed higher last week across the board, with $NASDAQ 100 Index (.NDX.US)$ gaining 1.48%, $S&P 500 Index (.SPX.US)$ climbing 1.72%, and small caps leading the charge as $Russell 2000 Index (.RUT.US)$ surged 3.52%. While economic data showed softening momentum, signs of resilience kept recession fears at bay...

$XAU/USD (XAUUSD.CFD)$ If it doesn't drop below 20, it is highly likely to rise.

$XAU/USD (XAUUSD.CFD)$ Personal opinion: Tariffs can be ignored when there are U.S. military bases, unless these canines bite back, then it becomes interesting.

$XAU/USD (XAUUSD.CFD)$ Can it reach 3270.

In my previous article, I reminded that last week in the U.S. stock market, the focus should be on going long, and the various information released in the past three days has indicated that the time to go long has ended!
In my article from last month, I pointed out that the entire month of June would be a bullish market, while pullbacks and bearish markets might have to wait until July. Why?
It is precisely because of what I mentioned before about Trump's "Big Beautiful" plan being implemented, along with the end of the previous pause in Trump's tariff policies, all coinciding in July!
In the last three days, the news has settled: the "Great Beauty" tax reduction bill has been passed, and Trump's tariff policy has once again shifted.
Let's first discuss external matters,Trump has restarted tariff negotiations, but this time he has shifted from the previous "full map" attack mode to a strategy of tackling issues one by one. In summary, this negotiation may not cause a black swan effect on the global Capital Markets again, but that does not mean that the economic situation in various countries will improve, especially Japan's "financial position" is very likely to suffer a heavy blow! $ProShares UltraShort Yen (YCS.US)$
Next, let's discuss the most important matter: the implementation of Trump's tax reduction bill! This bill cannot simply be categorized as domestic! Because it involves many changes in foreign policy!
We will not go into a detailed breakdown of the entire tax reduction bill here, just summarize the important points.
1. Rob the poor to give to the rich,Reduce subsidies for the lower class, provide tax cuts for the upper middle class, and large enterprises.
2.Significantly increase the national debt limit. $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ ...

$XAU/USD (XAUUSD.CFD)$
resistance today (personal opinion)
3333.3339.3344.3348

$XAU/USD (XAUUSD.CFD)$
It is unknown whether there is a red envelope.

$XAU/USD (XAUUSD.CFD)$ possible to reach 3400 after NFP today ?

$XAU/USD (XAUUSD.CFD)$ oh no, early morning went so high 3365? Wow, drop back so fast.