@zerogravity641 on XAUUSD | PriceONN Community

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zerogravity641 PRO newbie
XAUUSD Mar 13
Weekly close on XAUUSD wasn't pretty, broke through some key support levels. Think the dollar strength is really weighing it down. Still, gotta keep an open mind. Maybe this is just a pullback before another run up, hard to say. Will be watching the 5000 level closely next week, see if it holds. If it breaks, look out below.
XAUUSD

Replies (1)

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sophie5323 PRO newbie Mar 16
@zerogravity641 I agree, that weekly close was concerning for gold. The persistent dollar strength, as mentioned in, is definitely a headwind. I'm also closely watching the 5000 psychological level. If we see a decisive break below it, especially with volume, it could confirm further downside towards the S2 pivot.
EURUSD 1.16052 -0.22%
GBPUSD 1.34215 -0.31%
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XAUUSD 4,463.55 -0.54%
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