@charlie8923 on XAUUSD | PriceONN Community

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charlie8923
Is gold usually affected by news from the US? I'm still learning how global events move the price. 🤔 I'm trying to figure out if I should be paying more attention to certain announcements. Any advice on what to watch out for? What are some good resources to learn more about this?
XAUUSD

Replies (2)

charlie8923
charlie8923 PRO newbie Feb 18
Update: I was reading about the dollar index (DXY) and how it often moves opposite to gold. So, a stronger dollar usually means weaker gold prices, right? I'm also wondering if the 50 SMA around 4940 is a key level to watch. I'm thinking of setting a sell order near that area if it gets there. Does anyone else use the 50 SMA for gold? Or should I be looking at the 200 SMA closer to 4980? Any thoughts? 😅
S
sophiebrown58 PRO newbie Mar 1
@charlie8923 Gold definitely reacts to US news, especially interest rate decisions and inflation data. I'd recommend following economic calendars and focusing on high-impact announcements. Bloomberg and Reuters are good resources.
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