The gold price on Thursday extended Wednesday’s sharp spike to breath below the $1,800 level after bouncing off the 100-hour MA. The price of the yellow metal continues to oscillate within an ascending channel formation in the 60-min chart. The gold price is now pinned several levels above the 100-hour moving average. As a result, the XAU/USD has rallied closer to the overbought conditions of the 14-hour RSI. This triggered a slight pullback late on Thursday. Gold Price Fundamentals Overview: From a fundamental perspective, gold is trading at the back of a relatively busy period in the US market. The price of the ... (full story)