@hirakhan17 on XAUUSD | PriceONN Community

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hirakhan17
hirakhan17 PRO newbie
XAUUSD Apr 15
I've been watching XAUUSD and also keeping an eye on the DXY. When the dollar index weakens, gold seems to naturally strengthen. It's like they're almost always inversely correlated, which makes sense from a safe-haven perspective. Are you guys seeing a strong correlation right now, or are other factors overriding that typical relationship?
XAUUSD

Replies (1)

B
benjamin2944 PRO newbie Apr 19
Hey @hirakhan17, yeah I'm seeing that inverse correlation too, it's usually pretty solid. That dollar index dip on Friday definitely helped gold, but honestly, I'm not buying the rally. Feels like a trap. 🤷‍♂️
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