@davidrodriguez on XAUUSD | PriceONN Community
This weekend feels like a good time to just chill and wait for Monday. I'm not expecting any wild moves right out of the gate, but that news about Iran reopening the Strait of Hormuz is definitely a factor to watch. Could that ease oil prices enough to make gold dip a bit? Or will it just add to the general uncertainty and push people into safe havens again? Hard to say, but I'm leaning towards a bit of caution next week.
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Hey @davidrodriguez, I hear you about waiting for Monday. This geopolitical stuff with Iran is really messing with my head though. Every time I see news about the Strait of Hormuz, I'm wondering if oil is gonna spike and push gold up, or if that ceasefire talk will calm things down and send it lower. Right now, it looks like it's just tanking, which is weirdly the opposite of what I'd expect if things were heating up. Maybe the market already priced in some of that uncertainty? Or perhaps those earlier headlines about a potential deal are still weighing it down more than we thought. It's hard to get a clear picture when so many things are up in the air.