The XAU/USD exchange rate bounced off a support level at 1686.0 on Monday. As a result, Gold surged by 634 pips or 3.76% against the US Dollar during yesterday’s trading session.
Technical indicators flash selling signals on the 4H and daily time-frame charts. Most likely, sellers could drive the precious metal lower during the following trading session.
On the other hand, the yellow metal’s price might continue to edge higher during the following trading session.
