@emilywilson84 on XAUUSD | PriceONN Community
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That Friday close was pretty wild, wasn't it? Watching gold drop below $4700 after holding that level for so long felt like a real liquidity grab. The geopolitical tensions are still there, which usually supports gold, but the inflation fears seem to be outweighing that short-term. Kiyosaki's comments about Bitcoin and gold are interesting, but I'm more focused on how the dollar index reacts. If DXY keeps weakening, that's usually a good sign for gold, but Friday's action suggests there's still some selling pressure. It's making me reconsider my setup for next week. NFA, but I'm keeping a close eye on the S1 pivot at 4661.75.