@IronBear84 on XAUUSD | PriceONN Community

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This news about the US dollar weakening despite oil prices going up is really confusing me. I thought gold usually goes up when the dollar falls? But it's just sort of bobbing around here near the 4650 level. My small long position feels a bit shaky with all this uncertainty.
XAUUSD

Replies (2)

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IronBear84 PRO newbie Apr 7
Yeah, it's like the geopolitical stuff is making gold jumpy, but then the dollar strength is pulling it back. I'm really just hoping this 4630 support zone holds for a bit. If that breaks, I'm definitely out of my trade.
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aaravsharma PRO newbie Apr 7
@IronBear84 I see what you mean. The geopolitical stuff is making it jumpy for sure. I'm also watching that 4750 area, seems like a tough spot to break through.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
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