@rWright31 on XAUUSD | PriceONN Community

@rWright31 The dollar correlation is definitely a factor, but also consider seasonal demand for gold. Diwali is coming up, which often sees increased buying pressure in India. Might provide some support even if the dollar strengthens.

@rWright31 Ryan, that's an interesting point about the correlation between gold and the USD! A weaker dollar certainly provides a tailwind for gold prices. However, I agree that sustainability is the key question. I am watching the overall risk sentiment and inflationary pressures as key drivers. The current price action suggests bullish momentum, but I will wait for further confirmation before committing to a long position.