The "Safe Haven" rally is officially in overdrive! Today, we are witnessing a massive surge in precious metals as both Gold (XAU/USDT) and Silver (XAG/USDT) break through key psychological levels.
🟡 Gold (XAU/USDT): Eyes on $5,000
Looking at the chart, Gold has surged to a Last Price of 4,954.85, up over 3.3% in the last 24 hours.
The Trend: We are seeing a steady climb above the MA60, signaling that the bulls are firmly in control.
Target: With the current momentum, the psychological resistance at $5,000 is the next major level to watch.
Support: Immediate support is holding around the 4,940 - 4,950 zone.
⚪ Silver (XAG/USDT): The Parabolic Run
Silver is stealing the spotlight with an even more aggressive move, trading at 98.75, a gain of 5.82%!
Momentum: Silver has successfully crossed its moving averages and is looking to test the $100 mark.
Why the pump? Geopolitical uncertainty and a weakening Dollar (DXY) are driving investors toward "hard assets."
💡 Market Sentiment
The sentiment is overwhelmingly Bullish. We are seeing a "Sell America" trade resurfacing due to global trade tensions and fresh updates regarding Greenland, which has rattled traditional markets.
Trader's Note: While the trend is strong, the RSI on shorter timeframes is entering overbought territory. Watch for minor pullbacks as "dip-buying" opportunities rather than chasing the peak.
What’s your move? Are you Long on Gold or waiting for a Silver pullback? Let me know in the comments! 👇
#XAUUSD #XAGUSDT #GOLD #Silver
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