"Are You Crazy?" — Trump and Cassidy Clash in Shouting Match

Wednesday's Senate Republican luncheon on Capitol Hill, originally intended to be a show of party unity, degenerated into chaos. Upon entering, Donald Trump immediately called out the four Republican "traitors" who had voted in favor of the war powers resolution limiting his military authority.

Louisiana Senator Bill Cassidy stood up on the spot to fire back:

"You aren't telling the American people what's actually going on! This war was supposed to last four weeks, and it’s now dragged on for four months! Not a single one of the original objectives has been achieved!"

An enraged Trump blasted Cassidy as a "lunatic." Cassidy stood his ground, responding: "I don't accept bullying! I am speaking for the American people!" Multiple sources described the exchange as a heated screaming match. Senate Majority Leader John Thune stepped in to try and de-escalate the situation, while Louisiana Senator John Kennedy noted that Trump was "mad as a hornet." Cassidy later admitted he "lost his temper" but maintained that he makes "no apologies."

Market Overview: Macro Bears Dominate, Short-Term Consolidates at Lows

• Bearish Trend Persists: Both the daily and 1-hour charts exhibit a classic bearish setup, characterized by a structural series of lower highs and lower lows. The broader macro picture remains heavily capped by a dominant descending trendline. Meanwhile, the short-term 15-minute chart has entered a low-level consolidation pattern between 3960.00 and 4020.00 following its recent sharp sell-off.

• Neutral in Mid-Range: Gold is currently hovering around 3993.00–3996.00, right at the midpoint of its consolidation box. While minor intraday technical bounces are possible, heavy selling pressure looms just above. Entering positions at current levels offers a very poor risk-to-reward ratio; traders should avoid blindly chasing momentum in the middle of this range.

Intraday Trading Strategy (Short-Term)

Primary Strategy: Short on Rallies

Closely monitor the 4000.00–4006.00 and 4018.00–4023.00 resistance zones. Look for short execution opportunities if the price faces rejection at these levels, particularly if candlesticks print long upper shadows.

• Stop-Loss (SL): Placed above 4023.00 or 4030.00
• Take-Profit (TP): Initial target at 3975.00; a clean break below opens the door to 3960.00.

Secondary Strategy: Light Longs at Lows

Strictly avoid blind bottom-fishing. If the price retests the strong support band between 3959.00 and 3965.00 and confirms base stability via long lower shadows or a clear bullish engulfing pattern, a light contrarian long can be considered to trade the rebound.

• Stop-Loss (SL): Maintained strictly below 3955.00
• Take-Profit (TP): Upside targets at 4006.00 and 4023.00.

Risk Disclaimer:

Trading financial markets involves unpredictable risks, including the potential loss of principal. This analysis is for informational purposes only and does not constitute direct investment advice. Investors should make independent decisions based on their own risk tolerance.