New Gold Market Commentary 5-2-2025 published today detailing gold's April 9 to April 23 $519 surge, how much of it was Asian driven and why.
youtube.com/watch?v=WbUrHfoi…
Gold and silver tumbled hard over the last 4 sessions alongside a liquidity-driven selloff in US equities. Gold broke $4,300, now testing major support near $4,100. Silver is off $10 , nearing major support at $61. Can these levels hold? Not investment advice.
#gold#silver
Gold's trading range continues to be defined by the 50-day moving average to the upside and the 200-day moving average to the downside. The spread between them continues to narrow. One will have to give, soon.
Silver's above trend (12-23 & 12-24) move leading to the sharp punch higher in thin holiday trading (12-25 & 12-26) leading into Sunday night's (12-28) gap up top, into Monday's profit taking correction (12-29) with higher COMEX margin requirements.
Silver, a short-term look. Silver broke slightly over the stronger uptrend it developed a month ago earlier today. Perhaps a little to much to fast. Perhaps not.
Gold rebounds $320 from the last weeks bottom at $3,925, hit upside resistance at $4,245 yesterday, and sells-off $210 yesterday and today to a $4035 low this morning, before rebounding $60 to close the week at $4,085.
Palladium range bound but testing both the high and low end of the range the last two trading sessions. It held support at $1,380 today amid a two day sell-off.