Crude inventory report

 West Texas Intermediate (WTI) climbed for a third consecutive session, trading near $92.60 per barrel at the time of writing. This price surge follows a fresh escalation of hostilities in the Middle East, where Iran launched ballistic missiles toward neighboring Kuwait and Bahrain. According to ABC News, US Central Command (CENTCOM) successfully intercepted the missile and drone attacks while executing self-defense strikes on Iran’s Qeshm Island.

WTI trades around $90.15, down 0.89% on Tuesday at the time of writing. Iran suspends message exchanges with the US through mediators. Investors await the weekly API Crude Oil inventory report later in the day.

Gold

 In the daily chart, XAU/USD trades at $4,484.03. The metal holds a broadly bearish near-term bias as it remains below the 21-day simple moving average (SMA) near $4,575.88 and the 50-day SMA around $4,629.99, keeping prices capped beneath a cluster of short-term trend resistance. The 200-day SMA at roughly $4,422.28 now offers underlying support after being reclaimed, suggesting the broader uptrend is not yet fully compromised, though momentum remains subdued with the 14-day Relative Strength Index hovering near 42, consistent with a weak recovery rather than an impulsive bounce.

On the topside, initial resistance is seen at the 21-day SMA around $4,576, followed by the 50-day SMA close to $4,630, with the 100-day SMA higher up near $4,800 reinforcing a more substantial supply zone if the rebound extends. On the downside, immediate focus falls on the $4,484 area as a near-term pivot, with the 200-day SMA near $4,422 acting as the next key support, ahead of the prior downtrend-line break region around $4,368, where buyers would need to step in to prevent a deeper corrective slide.

Gold is back in the red early Wednesday, holding below $4,500 after the previous pullback, as sellers retain control amid sustained US Dollar demand and renewed geopolitical concerns. Following a volatile trading day witnessed on Tuesday, Gold is facing fresh headwinds from the ongoing surge in Oil prices as fresh hostilities erupt in the Gulf, fading hopes for a US-Iran peace deal breakthrough and the reopening of the Strait of Hormuz.

Cryptoquant: The Onchain Line Behind Every Bitcoin Bottom Sits Near 40%, Short of 'Maximum Opportunity'

 A market-stress gauge that has marked every bitcoin bottom for more than a decade is reading near 40%, a level reflecting meaningful pressure but stops short of the historical “maximum opportunity” zone

The week ahead: Will Payrolls justify American exceptionalism?

 

• Market hopes for a deal are still alive.
• US stocks are on their best run since 2023.
• Growth divergence reflects equity performance.The The 
• AI theme is roaring ahead as we move into June.
• What to watch in the new month.
• Key events in the coming week: Global PMIs, US NFPs, SpaceX hype.
  
  

  At the start of the new week, the oil price is up by 1.5%, and Brent crude is trading above $93 per barrel. This comes after the US and Iran both exchanged fire over the weekend. Stocks have been slightly impacted by this. European futures point to mild losses later this morning, while US equity futures suggest that further gains are coming, extending last week’s record highs.

  Even though there have been attacks from both sides, the market is holding onto the fact that negotiations are ongoing, and an elusive Iran/ US deal to end the war in the Middle East and to reopen the Strait of Hormuz will still be found. As the focus switches to a raft of macro releases later this week, investors will need to watch how this plays out, and any delay in reaching a deal could knock market sentiment.

U.S. Dollar / Swiss Franc USDCHF CONTINUATION SETUP

 In USDCHF, I’m currently looking for possible short opportunities. On the daily timeframe, the price is closing below a strong multi-rejection zone, which suggests weakening bullish momentum and possible continuation towards the downside.

From the weekly perspective, the last weekly candle closed bearish, adding further confirmation to the bearish higher timeframe bias. In addition to that, price is trading below the 50 EMA as well as the 10–20 EMA cluster on the weekly timeframe, which strengthens the probability of bearish continuation.

There is also a potential liquidity target resting below around the 0.77620 level, where sell-side liquidity may be positioned. That area could act as a possible draw on liquidity if downside momentum continues.

For now, I will wait for proper bearish confirmation and lower timeframe price action before considering any short positions.

No trade until entry conditions are fully satisfied.

British Pound / U.S. Dollar GBPUSD 2H Structure Repetition Setup

 While analyzing the 2H timeframe, I noticed something very interesting. A similar market structure has already formed in the past, and now the market appears to be creating the same pattern once again.

One of the most important skills in trading is recognizing repeated structures. The market often leaves clues through previous price action, and if we can identify those patterns early, it becomes much easier to understand potential future movement.

In this case, the current structure closely resembles the previous setup. That is why I am paying close attention to the marked reaction zone. If the market is truly repeating the same behavior, then this area should attract buyers once again.

For now, my focus is very simple:

Watching the marked reaction zone carefully
Looking for any strong bullish or positive candle confirmation
Monitoring whether the repeated structure continues to play out

If the market forms a strong positive candle from this zone, then we could see another bullish expansion toward the upside, similar to the previous structure.

Of course, structure repetition is not a guarantee, but when price begins to respect the same pattern multiple times, it becomes an area worth monitoring closely.

The key idea here is that traders should train themselves to remember and recognize recurring market structures. The better you become at spotting repeated behavior, the easier it becomes to understand and solve market movements.

This analysis is based on MMC concepts designed by Candle King. His concepts have helped me understand market structure and price behavior with much greater clarity.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Institutional outflow risk further losses

 

• Bitcoin hovers above $73,500 on Monday as institutional outflows aggravate the downside risk.
• Ethereum fluctuates near the $2,000 psychological level, hanging at a cliff edge.
• XRP trades at $1.33 on Monday, floating above the crucial support zone of $1.27.
  
  

  Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) edge lower under pressure on Monday after a steady decline over the last three weeks. US-Iran ceasefire extension dillydally fuels institutional outflows, adding further downside pressure on the crypto market. 

  Bitcoin hovers above $73,000, risking a revisit to $70,000, while Ethereum stands at the edge of the $2,000 psychological support. Ripple follows suit after a bearish close on Sunday, abruptly ending the three-day recovery run.