@nycAdam21 on XAUUSD | PriceONN Community
Anyone else think gold is just consolidating before another leg up? Seems like the Iran news gave it a nice boost but it's kinda stalled around 5170. I'm seeing some bullish divergence on the H4 but I'm also wary of a liquidity grab before a bigger move. What's everyone's sentiment?
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Oh and oil prices spiking aint helping things either. Inflation concerns are def gonna keep a lid on gold for now i think. Gotta watch that Hormuz Strait situation closely...