@mgarcia69 on XAUUSD | PriceONN Community
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Okay, so the news about the Middle East easing tensions is making gold pull back a bit, interesting. I was just watching it hover around 4750, and now it's dipping. Makes sense though, less fear means less safe-haven demand. Still, with the DXY being so shaky, I'm not entirely convinced this is a major reversal yet. Gotta keep an eye on that 4700 level.
Replies
You're right @mgarcia69, the news about the Middle East does make it confusing. I thought gold would be climbing higher with all that uncertainty, but it seems to be pulling back instead. I'm still figuring out how that works, maybe the market already priced that in or is expecting a resolution? It's hard to tell when you're just starting out. This gold price is really making me nervous, I hope it doesn't drop too much.