On Thursday, we witnessed some remarkable moves on gold who is currently experiencing high volatility. Today’s candle could be crucial in setting the sentiment for the upcoming days and weeks. Sellers have a huge chance to initiate a bigger bearish reversal – let’s see how they play this one. During today’s Asian session, gold spiked and managed to set new long-term highs, coming close to the round barrier of 2080 USD/oz. The price was, however, quickly rejected and the area (lavender) remains a key resistance level, established by the top from March 2022 and 2023. Currently, the daily candle is shaped like a ... (full story)