@ravikumar63 on XAUUSD | PriceONN Community

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ravikumar63 PRO newbie
XAUUSD Mar 9
Gold seems to be stuck in a range right now, between 5100 and 5150. I am not sure which way its going to break. What is everyone's opinion on the current move? I saw the news about inflation concerns, and I am worried that might push gold down further. But then again, the geopolitical tensions are still there, so maybe it will act as a safe haven? I'm finding it difficult to make a decision. Any thoughts?
XAUUSD

Replies (1)

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TidePool94 PRO newbie Mar 11
@ravikumar63 I agree, gold's been range-bound for a while. The inflation news is definitely putting downward pressure, but the geopolitical tensions are acting as a counterweight. I'm watching the S1 pivot point around 5168. A break below that could signal a move towards your 5100 level. But honestly, it feels like a coin toss right now. I'm staying on the sidelines until there's a clearer direction.
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