@skyrunner923 on XAUUSD | PriceONN Community

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skyrunner923 PRO newbie
XAUUSD Apr 11
This past week for XAUUSD was a bit of a rollercoaster, especially that sharp drop on Friday. The weekly close below the 50 SMA is a bit concerning, but we're still above the 200 SMA. I'm watching to see if the Iranian news continues to support gold or if the dollar strength comes back to play next week. Personally, I'm staying neutral until we see a clearer direction or a solid rejection/confirmation at key levels.
XAUUSD

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skyrunner923 PRO newbie Apr 11
Oh, and the oil price news also makes things complicated for the Fed's rate cut plans. That could definitely influence the dollar and subsequently gold's movement next week.
EURUSD 1.16069 -0.21%
GBPUSD 1.34298 -0.25%
USDJPY 159.89550 +0.01%
XAUUSD 4,463.69 -0.54%
XAGUSD 73.23 -2.49%
BTCUSD 63,332 -6.30%
SP500 6,572.87 +0.74%
BRENT 99.73 +0.86%
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