In my limited understanding the following will decide the flow. 1. Treasury Intervention:  U.S. govt's buyback of long-dated bonds to cool yields raised market concerns over currency debasement. 2. Debasement Trade Resumes: major investors heavily buying gold to hedge against a compounding $40 trillion national debt and fiat dilution. 3. Geopolitics: Ongoing conflicts in the ME and global trade sanctions further driving safe-haven demand into gold. 4. Strong Institutional Backing: Major firms  maintain structural long-term targets pointing toward the $6,000 mark by year-end. 5. Crtical near-term Catalysts: sustainability of rally rests on upcoming PCE inflation data and the Fed’s policy tone. Till then happy investing.

$Microsoft(MSFT)$  

$Micron Technology(MU)$  

My heart says we have a sustained bull run while the mind cautions for a pullback. So, my 2 cents: complex tug-of-war where short term momentum from strong corporate earnings clash directly with historic valuation extremities coupled wirh seasonal headwinds. This likely indicates that while the broader bull run remains intact, the probability of a short-term correction or pullback is rapidly increasing. So, we need to be cautiously optimistic.