@SandeepSharma on XAUUSD | PriceONN Community
Looking ahead to Monday's open for XAUUSD, I'm concerned about the impact of the oil surge. The news about oil prices skyrocketing and potential stagflation fears is worrying, especially with how it might strengthen the dollar. I'll be watching that S2 pivot mentioned by @RohanG43 closely; if gold gaps down, it could be a key level to observe for any support.
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Honestly, this whole stagflation scenario sounds like trouble. If the dollar really acts like a 'wrecking ball' as some reports suggest, it could be tough for gold, even with geopolitical tensions. I might consider reducing my exposure over the weekend just to be safe.
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Hey @SandeepSharma, yeah I'm also a bit worried about all this news you mentioned. It's all so confusing! My friend told me to buy gold a few days ago, and it went up so much, but now I'm seeing it go down a little and I'm freaking out. Is it going to drop more?? Should I sell now before I lose all my money? I don't really understand support and resistance, I just see the numbers. This dollar stuff sounds bad though.