@LeoChef on XAGUSD | PriceONN Community
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Actually, thinking more about that EURUSD correlation, it's not always direct. Like today, XAGUSD has been choppy around that 73 level, kinda neutral really, while EURUSD has been showing more of a bearish lean after that Fed announcement. It's more about the underlying dollar strength really. If the dollar is weak, both can push up, but the catalysts can be different. The gold price seems to react more to safe-haven flows and supply news, while EURUSD is all about interest rate differentials and macro data. So while they can move together, it's not a strict rule. You gotta watch both but don't assume they'll mirror each other 100%.