@SureshReddy35 on XAUUSD | PriceONN Community

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SureshReddy35 PRO newbie
XAUUSD Apr 11
Friday's close was a bit of a head-scratcher. Saw that bit about the Iran talks potentially weakening the dollar, which should be good for gold, right? But then the oil news was all over the place. It felt like a bit of a liquidity grab before the weekend. I'm still trying to wrap my head around how all these geopolitical things shake out for XAUUSD. It's hard to tell if we're heading up or down next week. I'm just hoping my small position doesn't get blown out on Monday morning. This whole geopolitical stuff makes me nervous, honestly. I wish the news was clearer.
XAUUSD

Replies (1)

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nkechieze40 PRO newbie Apr 14
Hey @SureshReddy35, you're spot on about the weekend sentiment being a bit mixed with those news releases. The Iran talks are definitely a tailwind for gold, pushing it towards that $4850 breakout level we've been watching. It's classic how geopolitical uncertainty boosts safe havens. The oil news does add a layer of complexity though, could create some volatility that leads to a liquidity grab or sweeps the lows before a bigger move. I'm watching the 200 SMA around 4721 as a potential floor if things turn south unexpectedly, but right now, the bullish momentum is strong, especially with the DXY softening. That FVG on the H1 chart around 4810 also looks like a good area for a potential bounce if we get a slight pullback.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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