According to The Kobeissi Letter, gold has extended its bullish momentum for a second consecutive day, climbing another 1.5% and nearing the significant $3,400 per ounce level (source: The Kobeissi Letter, May 6, 2025). This continued rally is drawing attention from traders as gold approaches a key psychological resistance, which could trigger increased volatility and higher trading volumes. Market participants are closely monitoring macroeconomic factors and safe-haven demand, as sustained price action above $3,400/oz could signal further upside potential for gold trading strategies.