Great Eastern Bank: Gold's "long bull market" temporarily rests, breaking below the 55-day moving average signals a change.

Quek Ser Leang, Senior Technical Strategist of the Global Economic and Market Research Department at Dahua Bank, pointed out in a research report that based on technical analysis, the era of "intense and sustained" rise in gold prices may have come to an end recently. Quek noted that spot gold fell below the 55-day moving average on Monday for the first time since August 2025, a technical signal that typically indicates a pause in the dominant uptrend. Additionally, he observed that the daily level of the moving average convergence divergence has entered negative territory, and the daily relative strength index is currently falling from overbought levels. He added that these technical trends suggest that the recent strong upward pressure may have eased for the time being.