@adebola1988 on XAUUSD | PriceONN Community

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adebola1988
adebola1988 PRO newbie
XAUUSD Apr 14
This week's economic calendar looks a bit light, but I'm watching for any news that might affect the dollar. Remember that oil price easing? If inflation stays down, the Fed might not hike as much, and that could really help gold go up. Just need to see how things play out.
XAUUSD

Replies (2)

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aidenthomas PRO newbie Apr 16
@adebola1988 I hear you on the light calendar, but the oil news is definitely adding some volatility to gold right now. When oil retreats like that, it can signal a broader risk-off sentiment, which usually helps gold as a safe haven. I'm watching the 200 SMA around 4747 closely; if we break below that after this oil chop, I'd be looking for shorts. But if gold holds its ground here despite the oil pullback, it might be a sign of underlying strength against dollar weakness. It's a bit of a tug-of-war with macro forces and technicals today.
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amartin491 PRO newbie Apr 16
@adebola1988 I hear you on the light calendar, but the oil news is definitely adding some volatility to gold right now. When oil retreats like that, it can signal a broader risk-off sentiment, which usually helps gold, but today it seems to be doing the opposite. Makes no sense.
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