Nasdaq 100

Key insight

30,351 consolidates below 30,500 resistance cluster; break above opens 31,200 swing target. Gold surge to $4,172 flags macro unease — watch whether tech decouples or follows safe havens lower.

Holds 30,351 with Gold at $4,172 and S&P 500 near 7,675 ATH — risk appetite intact; tech breadth supports upside continuation above 50-day MA near 29,800.

Main risk

Gold surge signalling macro stress

Gold +1.4% to $4,172 alongside USD weakness flags risk-off rotation that historically pressures high-multiple tech at elevated valuations.