On Friday, I looked at the market dynamics, and there are new statements from Trump again, possibly restarting the "Freedom Plan" operation, which still has some impact on the geopolitical situation. At the same time, the US non-farm payroll data for April surged by 115k, far exceeding expectations, indicating that the labor market remains resilient. These factors combined have made market sentiment somewhat complex.

I focused on a few key assets. Gold rose 0.61 on Friday, stabilizing above $4,700, with a high of $4,749. According to the AO indicator, bearish sentiment in the market is strengthening, but gold prices broke through the recent high of $4,764, and the rebound pattern is likely to continue. If it can stabilize above $4,700, there’s a chance to push toward $5,000 or even $5,200. However, caution is needed—if it breaks below $4,560, a decline to $4,400 could occur.

Oil is quite interesting. WTI fell 3% on Friday, touching $93.8. Currently, crude oil is in a narrowing triangle correction, and in the short term, it may further decline to support at $85.0. Attention should be paid to two key time windows: May 26 and June 10. If crude oil cannot recover the $100 level in the short term, it indicates increasing bearish strength, and a move down to $85.0 is quite possible. But from a medium-term perspective, oil may still be consolidating at high levels, so there’s no need to be too pessimistic.

The US dollar index fell 0.42% on Friday, closing below the key support of 98.0 for the first time in nearly a month. It also broke below the daily Gann 2/1 line (98.5), suggesting the dollar is at a critical point in a larger cycle. If it cannot recover above 98.0 in the short term, a medium-term downtrend may begin, with a potential decline to 95.2.

The S&P 500 rose 0.84%, reaching a high of 7,401 points, but the RSI has entered overbought territory, so caution is advised for a possible pullback after a sharp rise. If it can stabilize above 7,300, there’s a chance to rebound to 7,560. But if it falls below 7,300, a retreat to 7,200 or even 7,000 could happen. Overall, the market signals this week are quite numerous, especially the consolidation pattern in oil, which warrants continued observation.