Fundamental Analysis:
Despite concerns over a potential US government shutdown and elevated market valuations, US equities continue to show strength, driven primarily by AI-related stocks. OpenAI’s valuation has surged to USD 500 billion, up from USD 300 billion in an earlier SoftBank-led funding round, making it the most valuable startup globally, surpassing even SpaceX.

Citigroup has raised its forecast for global AI spending to USD 490 billion by 2026 (previously USD 420 billion), with cumulative hyperscaler investments by Amazon (AMZN), Microsoft (MSFT), and other tech giants expected to reach USD 2.8 trillion by 2029, up from the prior estimate of USD 2.3 trillion. This robust AI investment outlook continues to underpin the strength in US equities.

Technical Analysis:
US500 has extended its rally to a new record high, maintaining a solid uptrend within the ascending channel. Diverging bullish EMAs indicate the potential for continued upward momentum.

Key Resistance: 6800 (psychological), with a possible extension to 7000 if broken
Key Support: 6700, with a further downside target at 6530 if breached
Overall, the bullish trend remains intact, supported by strong AI sector performance and market optimism.

View Our Packages👉https://goldscalpingsignals.com/packages