@V_Patel on XAUUSD | PriceONN Community

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V_Patel
V_Patel PRO newbie
XAUUSD Mar 28
Looking back at Friday's close for XAUUSD, the price pushed past 4500, which was quite a move. Given the geopolitical news and general inflation concerns, I expect next week to be volatile. We might see a gap open on Monday morning, depending on any weekend developments. I'll be watching key pivot points and the 200 SMA closely to gauge the trend's sustainability.
XAUUSD

Replies (2)

V_Patel
V_Patel PRO newbie Mar 28
Also, that news about AngloGold Ashanti's Nevada project is interesting. If they're moving forward with studies, it implies confidence in future gold prices, even if some other mining news is mixed. It could be a sign that the larger players are looking long-term. This might support gold's value even if there are short-term dips.
S
sharris108 PRO newbie Apr 3
Hey @V_Patel, good point about the AngloGold Ashanti news. It's definitely a positive signal for long-term gold sentiment, even with all this short-term noise and volatility we're seeing right now. I'm still wary of that recent sharp drop though.
EURUSD 1.16399 +0.08%
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XAUUSD 4,502.84 +0.34%
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