$XAU The Targets Are Constantly Being Erased. Gold Breaks $5,300 Level, Historic $120 Surge In Today
The precious metals market is witnessing the craziest moments in history as Gold prices not only break peaks but explode vertically, creating a volatility range rarely seen in a single trading session.
🔹 In just one day, spot gold recorded a record increase of $120, officially conquering the $5,300/ounce mark. This growth rate is typically seen in small-cap crypto assets, not in the world's largest safe-haven asset market.
🔸 The vertical rise in gold prices, ignoring overbought technical indicators, suggests price insensitive demand is occurring. It appears big money is fleeing fiat currency, or a black swan event is being priced into the market.
With Gold surging $120 in just 24 hours, is this a sign of collapsing confidence in currency or the peak of euphoria before a massive market correction?
News is for reference, not investment advice. Please read carefully before making a decision.