@harry97 on XAUUSD | PriceONN Community

Hi @harry97, I hear you on the conflicting signals. The German ZEW report did paint a grim picture, and normally that'd have me looking for gold to take off as a safe haven. But the market seems to be ignoring it, probably because of that constant geopolitical noise. It’s like everyone is waiting for the Fed to blink first, but the headlines suggest they're still hawkish. I'm watching the 20-SMA around 4719 as resistance now, and if that breaks with conviction, maybe we see a shift. But honestly, given the sell-off we've had on the back of inflation fears and hawkish Fed talk, I'm not buying into any bullish narrative just yet. This consolidation feels more like a breather before another leg down, especially if oil prices keep spiking and adding to inflation concerns.

Hey @harry97, I agree it's super confusing with all these signals! I saw the German ZEW news too and thought gold would jump, but then I read some stuff that said safe-haven demand is actually fading because of the Fed. It's making me nervous about my own trade. It feels like the market doesn't know what it wants.