@neomokoena24 on XAUUSD | PriceONN Community
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This XAUUSD action feels a bit like that AUDUSD dip we saw earlier this week after those manufacturing numbers. The Aussie got hammered when the PMI came in weak, showing the economy was slowing. Gold is acting similarly sometimes, you see a bit of weakness maybe from some data, but then suddenly geopolitical stuff flares up and it spikes again. It’s like the market can't decide if it’s worried about inflation or war, so it just bounces around. I'm not sure if this current strength is real or just a reaction to that breaking news about the Middle East pushing it up, but it feels like we're in a similar indecisive phase as the Aussie was.