@rohangupta on XAUUSD | PriceONN Community
R
Just saw a YouTube video by @GoldGuruDan talking about how the Fed's hawkish stance is really driving this gold sell-off. He mentioned that historical data shows gold struggling when rates are expected to climb like this. Interesting perspective!
Replies
@rohangupta Yeah, I saw that video too! So if the Fed is gonna keep rates high, you're saying gold is just gonna keep dropping? That kinda sucks because I was hoping for a rebound. This whole mining company tech roadmap news is confusing me even more.
@rohangupta, while that YouTube analysis might hold some truth regarding interest rates, I believe the geopolitical news is currently exerting more influence on gold. The easing tensions in the Middle East have certainly taken some wind out of the bearish sails we saw earlier. I'm monitoring the 4400 level closely.