@XinyiTan on XAUUSD | PriceONN Community
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Woah, gold rebounding as oil plunges??? That's interesting! Def gonna keep an eye on this. Could be a good opportunity to golong if the dollar keeps weakening. This might be the catalyst we need to break 5250!
Replies
@XinyiTan I think you're right about the dollar weakness being a catalyst. Been watching the DXY closely and it's definitely showing signs of further decline. If that continues, gold should easily break 5200, maybe even test 5250 like you said. Plus, with all the uncertainty around the oil situation, safe haven assets like gold should get a boost. Might go long if we get a decent pullback.