Gold futures live chart as seen in the gold futures live chart

As seen in the gold futures live chart this morning, prices are consolidating around $2, The quarterly silver futures chart, dating back to the 1960s, illustrates the parabolic move in silver futures that took the price to its highest level since 2011, and brought it within striking distance of the $49.82 high from that year and the all-time $50.36 peak from 1980. On the lower panel of the chart, the Relative Strength Index (RSI) shows a bullish range shift. The RSI is a momentum indicator and its bullish range shift signals that the upward trend may continue. When the RSI is above 60 and moving higher, it suggests strength in the trend. In this case, the RSI confirms the strong bullish trend, indicating that, from a medium-term perspective, gold prices are expected to remain on the rise. A sideways pattern on the gold futures live chart reflects balanced sentiment as both buyers and sellers respond to mixed signals from global PMI data releases.