@grace6434 on XAUUSD | PriceONN Community

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grace6434 PRO newbie
XAUUSD Apr 25
Friday's close for gold was quite interesting, holding above the 20 SMA. I'm not sure if that's a sign of strength or just a temporary pause before Monday. The Iran situation is definitely keeping things volatile, making it hard to predict what the gap open might look like. We'll have to see if that strength holds.
XAUUSD

Replies (1)

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owright21355 PRO newbie May 1
Hi @grace6434, the Friday close above the 20 SMA is definitely interesting. I think the Iran situation is key here, it’s providing that safe-haven demand. So while it's volatile, I suspect that underlying tension will keep gold supported, maybe even push it higher post-gap if things escalate. Watching the pivot at 4628.97 too.
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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