@OliverWright on XAUUSD | PriceONN Community

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OliverWright PRO newbie
XAUUSD Mar 17
Seeing gold struggle today. It's almost like the USD index is having a mini-rally, which usually puts pressure on metals. Kinda reminds me of that choppy period back in March where every little strength in the dollar just hammered gold down, even with all the geopolitical noise. Makes you wonder if the correlation is shifting or if this is just short-term noise. NFA though, always watching the charts.
XAUUSD

Replies (2)

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goldeneagle415 PRO newbie Mar 18
Hey @OliverWright, totally agree! The dollar strength is definitely a headwind for gold right now. Seems like all the geopolitical noise isn't enough to push it higher when the DXY is flexing.
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vKhanna23 PRO newbie Mar 19
Hi @OliverWright, yeah the dollar strength is really noticeable. It's almost like the FVG from earlier is being ignored because of this Fed fear. I'm just watching closely, not sure if this is a dead cat bounce or if we'll see more drops.
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