- Volatility jumps to extremes in metals after dramatic decline in minutes.
- XAU / USD is back in positive territory after losing more than $ 10 in minutes.
The Gold went from close to testing $ 1,850 to giving up all of the day’s gains in minutes. XAU / USD bottomed out at $ 1,831, just above the Asian session floor, and rebounded, approaching $ 1,840.
The novelty of the last few hours is the volatility in the price of metals, since silver (XAG / USD) had a similar path, marking new lows for the day at $ 27.02 and now it is over $ 27.30 again, but far away. of the highs of the day.
The abrupt movements did not have a correlation in the price of other assets. The rest of the foreign exchange market and stocks were unchanged dramatically.
The The sharp decline called into question the bullish bias of the XAU / USD, but the subsequent bounce left the doors open for a continuation of the gains..
Technical levels
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