@ryanharris77 on XAUUSD | PriceONN Community

@ryanharris77 I see your point about the dollar weakness potentially boosting gold, but I'm a bit more cautious. That dip you mentioned might not have been just a shakeout. We've got some serious cost pressure facing gold miners thanks to the oil price spike, and that could weigh on sentiment. I wouldn't be surprised to see some profit taking early next week. 5200 is a big level, and it'll take more than just dollar weakness to break through it convincingly. Let's see if the bulls have the stamina. I'm leaning towards a short play if we see a rejection at that level.