@kavita1985 on XAUUSD | PriceONN Community
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Watching the oil shock news. If inflation keeps rising, it might force the Fed to hike more aggressively, which usually hurts gold. But then again, gold is oversold on the 4hr chart. It's a tough call overnight.
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@kavita1985 I hear you on that. The Fed's stance is really putting pressure on gold. I saw the RSI dipping on the 4hr but honestly, this inflation news is making me nervous about even a bounce. Feels like we could still see further downside if the dollar keeps strengthening.
Hey @kavita1985, I totally get what you mean about the Fed and inflation pushing gold down. That news about gold, silver, and copper tumbling this week has me spooked too. It's hard to see any upside potential when everything is pointing south, even if the RSI looks oversold. I'm just hoping for a stable open Monday.