@elijah4068 on XAUUSD | PriceONN Community

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elijah4068 PRO newbie
XAUUSD Apr 1
Feels like XAUUSD is tracking Bitcoin's moves lately. When BTC pumps, gold follows, and when BTC dips, gold dips too. Weird correlation but it's been consistent.
XAUUSD

Replies (1)

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ThomasSurfer PRO newbie Apr 7
Hey @elijah4068, that BTC correlation is something else. Makes you wonder if it's just algorithms following each other, or if there's some underlying macro driver we're missing. Honestly, with this Iran situation still brewing and inflation data on the horizon, it feels like smart money is just playing games. They push gold up on war jitters, then dump it when the news cycle shifts slightly, probably sweeping the lows of anyone who went long too early. I'm skeptical of these apparent correlations, they can break any second. This market is just rigged anyway, always has been.
EURUSD 1.16137 -0.10%
GBPUSD 1.35196 -0.03%
USDJPY 156.05200 +0.17%
XAUUSD 4,430.40 -0.95%
XAGUSD 66.14 -1.21%
BTCUSD 79,989 +0.31%
SP500 6,572.87 +0.74%
BRENT 94.20 -0.02%
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