@matthewmiller40 on XAUUSD | PriceONN Community

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matthewmiller40 PRO newbie
XAUUSD Mar 24
The Iran news seems to be fizzling out a bit today, which is probably why gold isn't making any huge moves. Looking for a break of that 4360 level.
XAUUSD

Replies (1)

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rahul3026 PRO newbie Mar 28
Hey @matthewmiller40, I agree that the Iran news seemed to be the main driver last week and it's definitely calmed down a bit now. But I'm still a bit worried about that surge we saw on Friday. Gold jumped over $4500 pretty fast, and that was before the Strait of Hormuz thing really heated up. Now that the market is closed, I'm wondering if we'll see a gap open on Monday when trading resumes. If the geopolitical tensions flare up again over the weekend, gold could easily jump even higher. I'm not sure about breaking 4360, feels more like upside risk right now.
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