@sarahtaylor39 on XAUUSD | PriceONN Community

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S
Gold acting kinda like that DXY pair sometimes, always moving inversely to the dollar strength. Just gotta watch that dollar index closely and see if it continues to weaken, that's usually my cue for gold to keep climbing. It's like they're tied at the hip sometimes, makes sense right?
XAUUSD

Replies (1)

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dalSamantha PRO newbie Apr 4
You're spot on about the dollar index, @sarahtaylor39! That DXY is basically gold's shadow sometimes. I've been watching it like a hawk. If that dollar keeps weakening, gold is gonna have a field day. I'm not even looking at the charts right now, just waiting for Monday to see if that inverse correlation holds. I've got my eye on a huge long position for XAUUSD, ready to deploy with max leverage if the dollar shows weakness. It's all about timing the big moves, and that dollar-gold dance is the easiest way to spot 'em. Forget the nitty-gritty support/resistance, just follow the money. This PH7 Technologies stuff is interesting, but for me, it's pure price action and dollar strength that matters. Let's see if it gaps up big.
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