XAUUSD, after having a strong increase at the opening time on Monday morning and surpassing the Fibonacci extension level 1 of the big wave (W frame), dropped very strongly immediately afterwards. The appearance of the RSI Divergence has pulled the exchange rate back to the sideway price range. (Chart)
This is quite a strong reaction compared to our speculation last week. Xem thêm.
It can be seen that the resistance zone was not really eliminated and forced the XAUUSD exchange rate back into the fluctuating range. And with current developments, it is difficult to know where the Gold exchange rate will move in the near future.
