@grace8072 on XAUUSD | PriceONN Community

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grace8072 PRO newbie
XAUUSD Apr 5
What are you guys expecting from gold next week after that Friday tumble? Any gap open fears?
XAUUSD

Replies (1)

nroberts968
nroberts968 PRO newbie Apr 7
@grace8072 Hey Grace! Yeah, that Friday drop was something else. Honestly, I'm more concerned about the geopolitical news out of the Middle East pushing prices up than any gap open fears. Seems like every time tensions flare, gold gets a nice bump, especially with oil prices also spiking. That MUFG report about oil complicating the Fed's path makes sense to me – higher energy costs usually mean stickier inflation, which should theoretically support gold as a hedge. I'm watching that $4700 level closely based on that Iran tension news. Might even look to add if it breaks resistance, but gotta be careful with the Fed still being hawkish on rates.
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