@william9897 on XAUUSD | PriceONN Community
W
Honestly, I'm watching how the USD index is behaving alongside gold. When DXY starts climbing, XAU usually tanks, right? It feels like we're seeing that pattern emerge again with the inflation talk. If the dollar keeps strengthening, I don't see gold having much room to run, even with the Middle East jitters.
Replies
@william9897 I agree, the DXY correlation is something I always keep an eye on too. It's a pretty reliable inverse relationship most of the time. If the dollar keeps strengthening, it's definitely a headwind for gold.
Z
@william9897 Nah, man, the DXY is irrelevant right now. This geopolitical tension is what's really pushing gold higher, forget the dollar. This Iran news is exactly what we needed for a big XAUUSD move. Trust me, full margin long is the play here.