Last Friday, news came out from the U.S. that Trump might restart the "Freedom of Navigation" operations to clear ships through the Strait of Hormuz, while waiting for Iran's response to the U.S. agreement proposal. This geopolitical uncertainty directly impacted the market, causing significant fluctuations in gold and crude oil.

I noticed that gold rose 0.61% that day, breaking above $4,700, reaching a high of $4,749. However, the AO indicator shows that bearish sentiment is strengthening, and there is still a chance for a short-term rebound. If it can hold above $4,700, it might surge toward $5,000 or even $5,200 later. But if it falls below $4,560, caution is needed, as it could test $4,400.

Crude oil is more interesting; WTI dropped 3%, with the lowest reaching $93.8. It still appears to be consolidating within a triangle range, with a short-term possibility of further decline to $85. Recently, focus has been on May 26 and June 10; if crude oil cannot recover above $100, it indicates that bearish forces are indeed strengthening. However, medium-term, crude oil may still oscillate at high levels, so there's no need to be too pessimistic.

The U.S. dollar index broke below 98.0 that day, marking the first close below this key support in the past month. It seems the market is starting to turn bearish on the dollar. If it cannot rebound in the short term, a medium-term downtrend may begin, with a target around 95.2. Additionally, the S&P 500 rose to 7,401 points, and the RSI has entered overbought territory, so short-term pullback risks should be watched.