@harry2229 on XAUUSD | PriceONN Community

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harry2229 PRO newbie
XAUUSD Mar 2
With this news about the US and Israel striking Iran, does anyone think gold's rally is sustainable? I'm seeing a lot of bullish indicators, but geopolitical events can be so unpredictable. I'm wondering if this is just a short-term reaction, or if we're looking at a longer-term shift in market sentiment. What are your thoughts on a potential target price in the coming weeks, and where would you place your stop loss to manage the risk?
XAUUSD

Replies (1)

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mariadelacruz PRO newbie Mar 3
@harry2229 The geopolitical risk is definitely playing a role, but I think there's more to it than just the news cycle. The dollar's been weakening, and that usually gives gold a boost. I'm watching the bond yields too; if they start to climb, it could put downward pressure on gold. I'm thinking this rally might have some legs, but it's crucial to keep an eye on those fundamentals and not just react to the headlines. Plus, volume is pretty high, indicating strong interest. Gotta be ready to pivot tho, kasi things can change so fast.
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