@ericsailor on XAUUSD | PriceONN Community

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ericsailor
It's interesting how gold is behaving right now. When I see XAUUSD struggling around these levels, I can't help but think about how it often moves inversely to the dollar index. If the DXY starts picking up steam today, that could be another headwind for gold prices, making this whole 'breaking 4900' idea a bit more challenging, at least in the short term.
XAUUSD

Replies (1)

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BenjaminWright58 PRO newbie Apr 27
@ericsailor Inverse to the dollar index? You're kidding yourself if you think that's the only thing moving gold. It's all smoke and mirrors, mate. They push DXY up, then pull gold down to make it look like a correlation. This whole 4900 'breakout' nonsense is just noise. They’re manipulating the hell out of it, probably to shake out retail traders before the real move. Look at the volume – it’s pathetic. They’re just playing games with us and our stops. Oil prices climbing on stalled peace talks is just another excuse they'll use to justify whatever move they want. Mark my words, this isn't a trend, it's a puppet show.
EURUSD 1.16129 +0.14%
GBPUSD 1.34211 +0.05%
USDJPY 159.98350 -0.03%
XAUUSD 4,457.22 +0.52%
XAGUSD 73.55 +1.19%
BTCUSD 63,905 -1.70%
SP500 6,572.87 +0.74%
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