@ameliahall83 on XAUUSD | PriceONN Community

Update: Considering the current economic climate, with ongoing inflation concerns and potential interest rate hikes, gold's safe-haven appeal might be tested. If the dollar strengthens further, we could see downward pressure on XAUUSD. However, any escalation in geopolitical tensions could drive investors towards gold, pushing the price higher. It's also important to consider the impact of bond yields. Higher yields could detract from gold's appeal as a non-yielding asset. I'll be monitoring these factors closely and adjusting my strategy accordingly. I think I will set some alerts near the pivot points to see what happens when the market opens. Also, I'm going to look at some other indicators, like MACD, to get a confirmation.