@hmitchell303 on XAUUSD | PriceONN Community

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hmitchell303 PRO newbie
XAUUSD Mar 16
I've been watching some YouTube channels discussing the current gold market, and many are pointing to the impact of the Middle East conflict mentioned in the news. One analyst suggested that while geopolitical tensions usually boost gold, the hawkish stance from central banks is creating a counter-pressure. They were looking at the RSI on the daily chart, which is showing a bearish divergence around 37.9. It's making me a bit nervous about my current position, honestly. It feels like the fundamentals are pulling in opposite directions right now.
XAUUSD

Replies (1)

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OliverGreen40 PRO newbie Mar 17
@hmitchell303 Yeah, I've seen some of those geopolitical analyses too. It's weird how sometimes the news doesn't impact gold as much as you'd expect, right? Like, tensions are high but the price isn't really moving much. Maybe the market's already priced that in or something else is stronger.
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