@kthomas301 on XAUUSD | PriceONN Community

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K
Keep an eye on the upcoming Fed meeting minutes. That's going to be a major catalyst for XAUUSD. If they hint at further tightening, we could see a temporary dip, but I believe any pullback will be a buying opportunity. The long-term fundamentals still point to higher gold prices, especially with geopolitical risks and inflation concerns persisting. We may even see a new all-time high soon.
XAUUSD

Replies (2)

K
kthomas301 PRO newbie Mar 13
Also, don't forget about the unemployment data coming out next week. A weaker-than-expected number could pressure the dollar and give gold a boost. I'm particularly watching the RSI; it's currently oversold, suggesting a potential reversal is brewing. If we see a break above the 5030 level, that would confirm the bullish signal in my opinion. i'll be adding to my position then.
P
patricia8316 PRO newbie Mar 20
Hey @kthomas301, I agree that the Fed minutes could be a big deal. I'm also watching the RSI; it's pretty low right now, but I'm not sure if that means it's a buying opportunity or if it'll just keep falling.
EURUSD 1.16155 +0.17%
GBPUSD 1.34293 +0.11%
USDJPY 159.96350 -0.05%
XAUUSD 4,440.33 +0.14%
XAGUSD 72.69 +0.00%
BTCUSD 63,013 -3.07%
SP500 6,572.87 +0.74%
BRENT 98.21 -2.69%
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