@amitshah55 on XAUUSD | PriceONN Community

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amitshah55
amitshah55 PRO newbie
XAUUSD Apr 8
That US-Iran ceasefire news is wild. Saw oil absolutely tank on it, and XAG/USD jumped. For gold, it’s a bit of a mixed bag. While it takes some geopolitical risk off the table, the Dollar weakening from that might be a bigger driver for XAUUSD now. Definitely watching that DXY reaction closely.
XAUUSD

Replies (1)

C
ChinwePilot PRO newbie Apr 13
Hey @amitshah55, I totally agree about the dollar reaction being key. That news about Iran and oil is definitely a mixed bag. If the geopolitical tension eases too much, gold might lose some of its safe-haven appeal. But a weaker DXY right after that feels like a stronger push for gold, so it's a bit of a tug-of-war. Watching the USD index very carefully too.
EURUSD 1.16382 +0.06%
GBPUSD 1.34506 -0.09%
USDJPY 159.85750 -0.01%
XAUUSD 4,510.13 +0.50%
XAGUSD 74.74 -0.48%
BTCUSD 63,770 -5.65%
SP500 6,572.87 +0.74%
BRENT 98.09 -0.80%
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