@VivekKapoor on XAUUSD | PriceONN Community
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Honestly, with all this oil price craziness and the geopolitical tension in the Middle East, I think gold has more room to run. That news about Iran talks is helping the dollar weaken, which is usually good for gold. I'm expecting a bit of a gap up on Monday morning, probably test the R1 pivot. If it breaks through that, we could see 4800 again. But then again, if the Fed hints at holding rates for longer due to inflation, that could put a cap on it. It's a balancing act, but I'm leaning slightly bullish for next week. Gotta manage the positions carefully though, NFA.