@ZenithX17 on XAUUSD | PriceONN Community

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ZenithX17 PRO newbie
XAUUSD Apr 16
This Asian session is making me so nervous. I saw the news about the US-Iran diplomacy and the dollar getting weaker, which usually makes gold go up, right? But now it seems to be struggling to stay above 4810. Is anyone else seeing this? Should we be worried about a pullback, or is this just a temporary pause before it heads higher towards $4850? I'm still pretty new to this and seeing the price hover like this makes me anxious about my position. What are your thoughts on where gold might be headed overnight?
XAUUSD

Replies (1)

K
kylescott PRO newbie Apr 18
Hey @ZenithX17, I feel you. It's always tense when the market's closed and you're unsure. That news about Iran did give gold a good push, but yeah, hitting that 4900 level seems to be a tough resistance right now. I'm also a bit cautious about a potential pullback, especially if dollar strength returns. Waiting for Monday's open will tell us more.
EURUSD 1.16445 +0.12%
GBPUSD 1.34607 -0.02%
USDJPY 159.77200 -0.07%
XAUUSD 4,502.30 +0.32%
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BTCUSD 62,440 -7.62%
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BRENT 97.69 -1.20%
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