Gold holds $3,100 at the second time of asking- will there be another test of that level?

As you know and as reported here, yesterday gold set another all time high, at exactly $3,149. Well, later in the session, as the US stock markets rebounded, Gold fell back again and that fall extended to $3,100.98. That almost $50 relapse pretty much matched a low seen the day before, when it slid to $3,099.95, The difference being this time the metal managed to hold just above that $3,100 handle. Gold later closed in the US at $3,113.38. The price action earlier this morning saw it rise to $3,135.70. However, it has backed away from that session high now. The question here is will there be a third test of that $3,100 level this morning and if there is will it give way to a deeper pull back this time? Well, that is certainly possible, given just how far the metal has travelled over the course of 2025. However, much will depend on risk capital flows and risk aversion from here on. Gold not long ago dipped to just below $3,110, but it has rebounded even faster from there now. The early price action today seems to suggest we might be set for some rapid swings as the day unfolds. Gold is right now at $3,118.55