Every day that gold futures remain above $1500 per ounce is strengthening the resolve that the key psychological level of $1500 is becoming a strong area of support.

Both gold and silver futures traded sharply higher today in response to continued concerns that the trade war between the United States and China will get worse before it gets better and any sort of resolution is achieved.

Gold continues to have solid upward momentum gaining value now for the third day in a row. As of 4:30 PM EDT gold futures basis the most active December contract is currently trading up $9.50 and fixed at $1486.00.