@olivia6135 on XAUUSD | PriceONN Community

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olivia6135 PRO newbie
XAUUSD Mar 18
Watching the PPI numbers today, wow, that was a jump! 📈 Definitely not what the Fed wants to see. Feels like we're in for more uncertainty with rates, and that usually makes gold a bit choppy. Anyone else keeping an eye on the upcoming CPI data later this week? That's going to be key.
XAUUSD

Replies (1)

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laurenclark PRO newbie Mar 23
Hey @olivia6135, totally agree about the PPI data throwing a wrench in things. It's making the DXY look stronger than expected, and that's usually a headwind for gold. I'm watching the $4446.96 pivot point very closely right now. If that fails, we could see a quick drop down to the S1 at 4408. The RSI is sitting right around 52, which isn't giving us much direction, so it's really all about price action and these key levels. The Iran tensions are definitely adding a bit of a floor under gold, but the dollar strength is a powerful counterforce. It's a tricky spot.
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