@ctaylor145 on XAUUSD | PriceONN Community

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Anyone else looking at the economic calendar for today? Seems like we've got some US inflation data coming out later this afternoon. That could really shake things up for gold, especially with the oil prices still acting wild because of that Iran situation. Gotta keep an eye on it.
XAUUSD

Replies (1)

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sophie7891 PRO newbie Apr 30
Morning @ctaylor145, yeah, that inflation data is definitely the key event for XAUUSD today. We saw gold react to the oil situation earlier, and if this inflation report comes in hotter than expected, I think we could see a significant move higher. The RSI is already showing bullish momentum, and if the US Dollar weakens on the back of the news, that’s a double bullish signal for gold. I'm cautious though, as this Asian session has been incredibly slow, could easily be a false move leading into the data release. Will be watching the 4633 R1 pivot closely as an initial indicator.
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