@fatimabello68 on XAUUSD | PriceONN Community

It feels like we're seeing some of the same patterns from last year when inflation was really starting to bite. Remember how gold spiked then, but then got hammered when the yields shot up? This recent drop below $4,650 feels like that, but maybe this time the inflation fears will keep it supported longer, unlike when yields went crazy. The news linking the plummet to rising yields and inflation fears is key. I'm watching to see if this $4,500 area holds like a major support, because if it breaks, we could see a much bigger slide, similar to how it can happen with USD/JPY when the dollar makes a big recovery. It's a balancing act right now between rate hike fears and real inflation worries.