@JunaidN11 on XAUUSD | PriceONN Community

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J
JunaidN11 PRO newbie
XAUUSD Apr 15
Gotta keep an eye on the economic calendar this week. We've got that US inflation data coming out tomorrow, that's always a big one for gold. If it comes in hotter than expected, expect the dollar to dip and gold to rip higher. But if it cools off, the Fed might hold rates longer and that could pressure gold down. The geopolitical stuff has been a bit quiet lately, so this data could really move the needle. I'm personally leaning towards some fireworks, might even go full margin long if the numbers are right and we see a strong displacement candle. Nothing like a bit of adrenaline.
XAUUSD

Replies (1)

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zerogravity170 PRO newbie Apr 18
Yo @JunaidN11, yeah, that US inflation data is gonna be HUGE for gold. I'm with you, if it's hot, we're going to see XAUUSD fly. All that talk about breaking $4,900 and the Strait of Hormuz reopening is already pushing sentiment. Frankly, I'm less worried about a cool-off and more focused on the upside. I'm already thinking about going heavy if we get that bullish signal. The Fed holding rates longer would be nice for other assets, but for gold, we want that dollar weakness. Let's see what happens tomorrow, but my money is on gold continuing its upward trend.
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