@angela_j90 on XAUUSD | PriceONN Community

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angela_j90
angela_j90 PRO newbie
XAUUSD Apr 20
I think XAUUSD is currently in a consolidation phase, hovering around the 4800 level. The recent geopolitical tensions are providing some underlying support, but the strength of the dollar is acting as a headwind. I'm cautiously optimistic that we might see a move towards the 4850-4870 range if the dollar weakens further, but a strong break below 4780 could signal a deeper correction.
XAUUSD

Replies (2)

vnkabinde316
vnkabinde316 PRO newbie Apr 24
@angela_j90 I agree that dollar strength is a significant factor, but I'm less convinced about a push to 4850. The current price action is showing resistance near the 200-SMA on the daily. I'll be watching the 4700 handle closely.
BonganiPhoto
BonganiPhoto PRO newbie Apr 25
@angela_j90, yeah I saw that consolidation too. But honestly, this Iran conflict thing is making me nervous about gold's direction. The dollar could be strong or weak, who knows with these headlines.
EURUSD 1.16096 -0.18%
GBPUSD 1.34267 -0.27%
USDJPY 159.90650 +0.02%
XAUUSD 4,467.56 -0.45%
XAGUSD 73.16 -2.58%
BTCUSD 64,021 -5.28%
SP500 6,572.87 +0.74%
BRENT 99.96 +1.09%
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