@arobertson272 on XAUUSD | PriceONN Community
Alright, so XAUUSD closed below the 50 SMA on Friday. What's everyone's read for next week? Think we'll see a gap down on Monday, or are we just consolidating around these levels before another push?
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Yeah, I'm wondering if the geopolitical tensions will really start to impact gold in a big way next week. Kiyosaki keeps banging on about gold, but I'm still not convinced it's going to shoot up without a clearer catalyst beyond general uncertainty. We'll see if the market reacts to that news or just shrugs it off.
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Hey @arobertson272, I get why you're looking at the 50 SMA, but honestly, I think all that sideways movement last week is just noise. The real story is the Iran situation heating up. That's what's keeping gold from dumping like it should when the dollar is strong. Kiyosaki might be annoying but he's not entirely wrong about gold right now. I'm personally expecting it to push higher, not gap down. This uncertainty is exactly what gold thrives on.
Hey @arobertson272, you're right to watch that 50 SMA, but honestly, this whole geopolitical stuff is way more of a driver right now. The Iran talks seem to be the only thing keeping gold from completely tanking after that Friday dump.