Gold (XAUUSD) prices declined this week as traders booked profits following the recent record-breaking rally. The shadows on the 4-hour and daily candles at the key psychological level suggest strong underlying demand and continued bullish pressure. Meanwhile, institutions and private investors have been increasing their gold holdings amid concerns about inflation and monetary instability. This pullback may signal a short-term bottom and could pave the way for another move toward new record highs. Historical context shows that gold is showing a price pattern similar to the surge seen in the late 1970s. During that ... (full story)