@rameshnaidu17 on XAUUSD | PriceONN Community
R
Interesting seeing the news about silver trying to push higher because of lower yields and a weaker dollar. That usually bodes well for gold too, right? I'm not fully convinced on this big rally though. We're seeing some nice upward movement, but the price is still bumping against that 4555 resistance area. If it can't break that decisively, I’m worried it’s just a fakeout and we’ll see a sharp reversal. Maybe keep a tight stop if you're long. Remember that time last month when gold spiked on some headline then crashed 50 points in an hour? Gotta be careful with these big moves.