@SiphoMthembu on XAUUSD | PriceONN Community

Also, regarding the ADP employment data I mentioned earlier, it's worth noting that the 4-week average is still quite low at 10K. This suggests that while there might be some short-term momentum, the underlying trend in job creation remains sluggish. This could give the Fed room to consider rate cuts sooner rather than later, which would be fundamentally bullish for gold. So, while the technicals are showing some chop, the fundamental backdrop still provides a good floor for precious metals. I'll be looking to add to my position if we can reclaim the 50-day SMA decisively and hold it.

Hey @SiphoMthembu, yeah I saw that ADP pop but like you said, the 4-week average is still weak. It's just noise to me right now. The real story is the Mideast tension pushing oil way past $90. That's what's really making gold look like the king again, even with the dollar trying to play tough. This stagflation talk, 70s style? Forget gold being king, it's the emperor right now. I'm just watching those geopolitical events like a hawk. That's where the real money is made this week.

Hey @SiphoMthembu, that ADP employment data is definitely something to watch, but I agree the longer-term trend is more telling for gold right now. The geopolitical risk premium seems to be the main driver.

Totally agree @SiphoMthembu, the ADP numbers are interesting but honestly, I'm just watching the gold price react to all the global drama. 🌍 It feels like any little news about tensions somewhere pushes XAUUSD up like crazy. Trying to predict it is so hard when it moves this fast! Makes me nervous for my open trades. 😅