Morning Note: CrowdStrike Reports; Gold Rises on Tensions; Dollar Falls Amid Trade Fears

CrowdStrike Projects 20% Revenue Growth in Q1

CrowdStrike (CRWD) is set to release its first-quarter fiscal 2026 results today. The company projects revenue between $1.1006 billion and $1.1064 billion for the quarter, reflecting a year-over-year increase of 19.92%. For the same period, CrowdStrike anticipates non-GAAP earnings per share in the range of 64 to 66 cents.

The company’s strong performance in the first quarter is expected to be driven by growing demand for its cybersecurity solutions amid a global surge in cyber threats. As more employees access corporate networks remotely, the risk of security breaches rises, increasing the need for advanced protection. This heightened threat environment has likely contributed to the increased adoption of CrowdStrike’s products.

(CrowdStrike Daily Price Chart, Source: Trading View)

From a technical analysis perspective, CrowdStrike’s share price has been in a bullish trend since early April 2025, following a rebound from the support zone between 293 and 303. This uptrend is characterized by a series of higher highs and higher lows. Recently, the price broke above the order block in the 453 – 462 range. A potential pullback to retest this order block may occur.

If the price finds support at this level, it could resume its bullish momentum and move higher. However, if the order block fails to hold, the price may decline further to retest the swap zone between 379 and 389.

Gold Soars on Geopolitical Tensions and Trade Concerns

Gold surged on Monday, bolstered by escalating safe-haven demand and renewed geopolitical tensions. The price jump was partly driven by Ukraine's widespread drone attacks over the weekend, which reportedly damaged or destroyed more than 40 Russian strategic bombers. In retaliation, Russia launched overnight strikes on Ukrainian targets, as both nations aimed to strengthen their positions ahead of ceasefire talks scheduled for Monday in Istanbul.

Further supporting gold’s rally, U.S. President Donald Trump announced over the weekend that tariffs on steel imports would double to 50%, effective Wednesday. The move adds to ongoing trade policy uncertainty, contributing to concerns over a global economic slowdown and further fueling investor demand for perceived safe-haven assets, such as gold.

(Gold Daily Price Chart, Source: Trading View)

From a technical analysis perspective, the gold daily price chart has been moving in an overall bullish trend, as indicated by the formation of higher highs and higher lows. Recently, the price broke above the resistance zone of 3,335 – 3,360 and the descending channel, signalling a continuation of bullish momentum. This valid breakout may potentially push the price higher toward the order block in the 3,425 – 3,440 range.

Dollar Slips on Trade War Worries, Trump-Xi Call Eyed

The U.S. dollar fell to a six-week low on Tuesday, pressured by signs of weakness in the domestic economy amid ongoing trade tensions. The Trump administration’s trade war continues to weigh on sentiment, with U.S. tariffs on imported steel and aluminum set to double to 50% on Wednesday. This move coincides with the deadline for countries to submit their best trade offers to Washington, further intensifying global trade uncertainty.

However, a potential conversation between U.S. President Donald Trump and Chinese President Xi Jinping this week may offer some clarity. White House press secretary Karoline Leavitt confirmed the call is expected, just days after Trump accused China of backtracking on tariff and trade rollback commitments. Markets are watching closely to see whether this exchange might ease trade tensions or escalate them further, as global stocks and the dollar remain vulnerable to policy shifts from the world’s two largest economies.

(U.S Dollar Index Daily Chart, Source: Trading View)

From a technical analysis perspective, the U.S. Dollar Index has been moving in an overall bearish trend, as indicated by the formation of lower highs and lower lows. It is currently retesting the support zone between 98.40 and 98.70.

If the index finds support at this level and surges upward, it may potentially rise to retest the swap zone between 99.85 and 100.15. Conversely, if bearish momentum pushes the index below the current support zone, the index may fall further.

When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.