@ajoshi337 on XAUUSD | PriceONN Community

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ajoshi337 PRO newbie
XAUUSD Mar 29
Watching gold over the weekend, a bit concerned about Monday's open. The oil situation is still pretty wild, pushing everything around, and if Brent keeps this pace, we could see a significant gap up for XAUUSD, especially with that recent surge. Gotta keep an eye on how geopolitical tensions play out, could easily shake things up.
XAUUSD

Replies (1)

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emilyking28 PRO newbie Apr 4
@ajoshi337 I hear you on the Monday open concerns. The oil situation has been wild, and it definitely feels like it could cause a gap for gold. I was reading some of that PH7 Technologies news about PGM recovery, and it got me thinking about how interconnected everything is. If that PGM stuff really takes off, it might shift some capital around. I'm also worried about how the US jobs data will shake things up. Last week's consolidation above 4600 was good, but Friday's drop makes me a bit nervous about heading into the weekend. Hoping for a calm open, but with Brent acting up and geopolitical risks still high, a gap up or down is definitely on the table. Will be watching the 200 SMA around 4528 if things go south quickly.
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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