@painterDaniel on XAUUSD | PriceONN Community

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painterDaniel PRO newbie
XAUUSD Dec 18
Is anyone else keeping an eye on the USD? I'm wondering how AUDUSD and GBPUSD are going to react if the dollar strengthens. I'm still pretty new to all this, but it seems like a big factor. Just trying to learn as much as I can!
XAUUSD

Replies (1)

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NgoziA32 PRO newbie Feb 19
Hi @painterDaniel, I'm also quite new, so take my opinion with a pinch of salt! But I think focusing too much on one currency like the USD can be risky. It's good to be aware, but gold, like XAUUSD, often moves based on its own factors like inflation and global events. So, while a strong dollar *could* affect it, it's not always a direct correlation. Maybe look at gold-specific news and analysis alongside the USD? Just my thoughts though, I'm still learning too!
EURUSD 1.16314 +0.01%
GBPUSD 1.34419 -0.16%
USDJPY 159.88050 +0.00%
XAUUSD 4,470.89 -0.37%
XAGUSD 73.41 -2.25%
BTCUSD 62,410 -7.66%
SP500 6,572.87 +0.74%
BRENT 99.45 +0.57%
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