@william9897 on XAUUSD | PriceONN Community

Hey @william9897, I totally feel you on this. It's weird how gold isn't reacting to the oil prices like we'd expect. I was watching charts earlier and saw gold around 4760, and it just felt stuck even with all the geopolitical stuff in the news. It's like the dollar strength is just overpowering everything else right now. I keep looking at the RSI too, it's kinda neutral, not giving me a clear signal. I'm just a beginner but this whole dynamic seems more complicated than the old rules. Makes me wonder if these news headlines about the US-Iran situation are even having a real impact anymore, or if it's just noise. I'm holding off on any big moves until things clarify.

Hey @william9897, I hear you on the gold-oil disconnect. It's definitely not behaving like it used to. The news about Iran and the US dollar weakening is interesting though, usually that's a strong cue for gold to rally, but it seems to be consolidating instead. Maybe the market is still processing the oil price volatility and how it ties into the Fed's inflation fight. I'm also looking at the daily chart, and the price is bumping against the Bollinger Bands but not really breaking out. The RSI is pretty flat too. I'm wondering if we need a clearer signal from the inflation data or a more definitive move in the dollar before gold makes a significant push. It feels like it's waiting for something, that's for sure. Let's hope Monday brings some clarity. I'm keeping an eye on the weekly pivot point around 4763, that might be a key level to watch for a breakout.