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Gold and Silver Hit Fresh Record Highs on Sustained Safe Haven Demand
Gold continues to show strong bullish momentum, trading above $5,550 and nearing the next major psychological level $6,000 with increased volume. The moving averages strongly confirm this trend. Price is well above the three moving averages MA(5) MA(10), and MA(30), all of which are sloping upward. Short term moving averages are acting as dynamic support, reflecting strong trend health and sustained demand on minor pullbacks. MACD is well above the zero line, and signaling accelerating bullish momentum. As long as gold holds above the $5,480–$5,500 support zone, the overall trend remaisn to the upside, with further ... (full story)
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