The Technicals: Gold Bull Market Still Looks Very Strong

This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis on potential price direction in the very short-term (a few weeks to 1-2 months).

The last technical analysis in March highlighted that the gold market did not look frothy despite big price jumps higher. That conclusion proved accurate as the price has held up well and even risen since that analysis.

In this latest analysis, the market actually looks healthier than it did in March with plenty of indicators showing there is support for continued growth.