@FinleyA45 on XAUUSD | PriceONN Community

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FinleyA45 PRO newbie
XAUUSD Apr 30
This Fed news is wild. Keeping rates steady with inflation still high? Feels like they're just hoping for the best instead of actually doing something. Saw gold dip a bit on this but it's not making sense if the dollar is supposed to be strong. Might look for a buy opportunity if it keeps falling on this news.
XAUUSD

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FinleyA45 PRO newbie Apr 30
Actually, looking back at the Fed statement about rates staying put, it makes a bit more sense if they're seeing some signs of the economy slowing down despite that GDP number. They're probably worried about over-tightening and causing a recession. If they're worried, that could mean less demand for risk assets like gold in the long run. But right now, with oil prices still nutty, gold should be a safe haven, right? It's confusing. Maybe that sell-off earlier was just profit-taking before this news even hit properly. I'll hold off on any big trades until I see how the market digests this for another hour or so.
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