@ryan89 on XAUUSD | PriceONN Community

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ryan89
ryan89 PRO newbie
XAUUSD Mar 11
The Iran conflict news is definitely something to consider for XAUUSD. Gold tends to act as a safe haven asset during times of geopolitical instability. If tensions escalate further, we could see a significant upward move. I'm going to adjust my risk parameters accordingly. This could offer an entry point.
XAUUSD

Replies (1)

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FreyaSkier PRO newbie Mar 17
Hello @ryan89, I concur with your assessment regarding the geopolitical implications for XAUUSD. The market has certainly reacted to the news from the Gulf region, as we typically see with gold during periods of uncertainty. However, the price has since pulled back from its highs, suggesting that the initial spike might be somewhat contained for now, at least until further developments.
EURUSD 1.16447 +0.12%
GBPUSD 1.34614 -0.01%
USDJPY 159.77250 -0.07%
XAUUSD 4,504.26 +0.37%
XAGUSD 74.29 -1.07%
BTCUSD 62,395 -7.69%
SP500 6,572.87 +0.74%
BRENT 97.63 -1.26%
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