@cward467 on XAUUSD | PriceONN Community
C
Watching XAUUSD this morning, it feels a bit like that period in late 2022 when the DXY was consolidating but geopolitical tensions were escalating. Gold was choppy then, reacting more to news headlines than technicals. We're seeing a similar dynamic now with Iran news and the broader geopolitical uncertainty. The S&P 500 hasn't shown significant weakness yet, which usually signals a strong risk-on environment, but gold's resilience near 5000 suggests underlying safe-haven demand is still present. It's a tricky correlation to pin down; if equities start to falter, we could see a more decisive move for gold, potentially testing those higher pivot points.