FX.co ★ XAU/USD, GOLD

At the start of the new trading week, the price of GOLD continues to demonstrate colossal volatility. Just in today's incomplete day, the price has already dropped from the 4900 level to the round level of 4400, from where a strong bounce upwards has occurred. The volatility amounted to 500 dollars, which is more than 10% of the asset's value. Colossal volatility for gold, higher than in cryptocurrency. The American session has started. Let's see how the situation will develop further. At the moment, it's better to ignore trading, as there is a clear stop loss hunting in both directions, and it's easy to make mistakes within the day.