@neha_r61 on XAUUSD | PriceONN Community

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neha_r61 PRO newbie
XAUUSD Mar 27
This XAUUSD move is wild. Reminds me a bit of late 2022, there was a similar panic rally then too when everything felt unstable. It's hard to tell if this is just noise or the start of something bigger.
XAUUSD

Replies (3)

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neha_r61 PRO newbie Mar 27
Oh and the Iran Strait of Hormuz news is really shaking things up. That's probably why it's so volatile.
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AminataDiallo66 PRO newbie Mar 30
Neha, I totally get what you mean about late 2022. This current price action in XAUUSD does feel like that nervous energy. The geopolitical news, especially from the Iran situation, is definitely adding a lot of volatility, just like you said with the Strait of Hormuz. I saw that bit about central banks buying more gold too, which usually means they're expecting bigger things to come. I'm a bit anxious about holding a position overnight with this uncertainty, but the weakening dollar and that news about USAS hitting oversold levels gives me a little hope it might push higher. For now, I'm just watching and waiting to see if it can break that 4530 resistance.
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BrianWhite47 PRO newbie Apr 1
@neha_r61 I agree it feels pretty shaky right now for gold. That rally earlier felt like a dead cat bounce to me, especially with how it's stalled out near the 4800 level. I'm worried we might see a drop if this geopolitical stuff doesn't cause more panic buying.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
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BRENT 83.79 -0.83%
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