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Gold is in an interesting spot.

The chart looks a tad dangerous with a series of lower highs but you could equally argue that a period of consolidation is overdue after a long runup from $1700, with only a short pause at $2600.

Equally, you could argue that a retracement is overdue as it’s been largely a one-way trade for three years.

What I’m most impressed by is the gold has generated some recent upward momentum at a time when trade tensions are falling. The unwind of the Liberation Day move in equities initially hit gold too but it stabilized in mid-May and is now just $125 from the all-time high.

Clearly, the buyers have been showing up and part of that is the worsening US fiscal situation along with the sense that Trump will never put international relations fully back on track. I can get behind that thinking but I would like to see a break above the May high first.

A wild card at the moment is Russia and how it will respond to Ukraine. Is a tactical nuclear weapon out of the question?

This article was written by Adam Button at www.forexlive.com.

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

DOGE Price Predictions: What’s Next for Dogecoin?

Dogecoin (DOGE), the beloved meme-coin that started as a playful joke, continues to capture both investors’ imaginations and market headlines. The past week has brought fresh enthusiasm, speculation, and ambitious predictions. Let’s dive into what top analysts and experts have recently said about DOGE’s future.

🐶 Short-Term Outlook: $0.20 and Beyond?

CoinDesk (June 4) highlights that institutional investors are fueling a bullish breakout, with DOGE comfortably above the critical $0.195 resistance. Analysts pinpoint strong support at $0.194, with expectations to test the psychological $0.20 mark soon.

Echoing this optimism, U.Today (June 3) notes DOGE’s steady gains, emphasizing the crucial support at $0.1932. If bulls maintain this level, DOGE might comfortably rally into the $0.20 territory in the coming days.

In a similar vein, FXStreet’s Vishal Dixit emphasizes a strong bullish signal from a short-term range breakout, projecting DOGE targeting $0.2145 soon, with resistance at the 200-day EMA ($0.2074).

But Wait — Expect Some Volatility for DOGE coin!

Interestingly, not everyone forecasts an immediate straight path upwards. CoinCodex’s algorithmic model suggests short-term volatility could briefly pull DOGE to around $0.1866 before a strong bounce toward $0.225, suggesting a healthy upside of roughly 17% within a month.

Moreover, CryptoTicker’s scenario analysis outlines a balanced view:

• 40% chance: Bullish breakout toward $0.24–$0.25

• 30% chance: Short-term slip toward $0.18

• 30% chance: Consolidation around $0.19

🚀🚀 Mid-Term Rocket Potential for DOGEUSD

Bullish sentiment continues to dominate, especially with increased whale activity and growing open interest. Cointelegraph projects DOGE potentially rallying to $0.23 and even up to $0.26 if bulls defend key moving averages successfully.

Supporting this bullish mid-term narrative, AMBCrypto highlights rising accumulation from influential whales despite recent liquidity dips. A break above $0.20 might ignite a 25% rally to approximately $0.25—provided key levels hold.

DOGE is Full of Moonshots & Long-Term Dreams

DOGE’s history of spectacular rallies prompts some optimistic (and wildly ambitious) predictions:

• Crypto Kaleo via NewsBTC boldly claims historical patterns and strong whale accumulation could trigger a jaw-dropping 1,000% rally, potentially propelling DOGE to the $1–$2 range by the end of 2025.

• CoinLore takes a more tempered yet still optimistic stance, predicting DOGE hitting around $0.76 by late 2025, relying on historical network metrics and market behaviors.

• On the extreme end, Mitrade Insights sourced from Cryptopolitan entertains an outlier scenario with DOGE potentially reaching a staggering $12, implying a nearly $1.8 trillion market cap. While intriguing, this prediction remains firmly in speculative territory.

Where Does This Leave Us, Crypto HODL’ers?

Stripping away the extremes and focusing on consensus, most analyses cluster DOGE’s short-term price targets between $0.20 and $0.26, with a comfortable median around $0.245. If DOGE can decisively surpass $0.20 and sustain momentum, $0.25 is highly achievable this summer.

For year-end targets, a realistic trimmed average suggests $0.45–$0.50 is within reach. However, if broader market sentiment shifts positively, significantly higher targets ($1+) could come into play, appealing to those looking for moonshot gains.

Key Levels for DOGE Traders:

• Support: $0.193–$0.194

• Short-Term Resistance: $0.20–$0.2074 (200-day EMA)

• Bullish Targets: $0.2145, $0.23–$0.26

• Year-End Conservative Target: $0.45–$0.50

So, Crypto Enthusiasts…

Dogecoin remains exciting, volatile, and brimming with potential—perfectly encapsulating crypto’s allure. Traders should monitor key support and resistance closely, prepare for volatility, and remain open-minded about DOGE’s ambitious potential moves.

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Join investingLive Crypto’s Telegram channel for real-time alerts, tradeCompass insights, and valuable crypto gems—without the spam.

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This article was written by Itai Levitan at www.forexlive.com.

BoC kept its overnight rate unchanged at 2.75% as expected, opting for caution amid lingering uncertainty over US trade policy. While acknowledging a “softer but not sharply weaker” economy, the Governing Council pointed to recent inflation data that showed “unexpected firmness,” warranting a wait-and-see approach before committing to further policy moves. In its accompanying statement, […]

The post BoC holds at 2.75% as economy softens and inflation surprises appeared first on Action Forex.

The letter gives the California High-Speed Rail Authority 37 days to respond before the grant funds are rescinded.

The report comes two days before the more closely watched nonfarm payrolls count from the Bureau of Labor Statistics.

Capture6 is a California-based startup with new technology to both clean water and capture carbon from the atmosphere.