@williamlewis46 on XAUUSD | PriceONN Community

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williamlewis46
Volume is totally dead on this XAUUSD move. It's just creeping up with no conviction. This looks like a liquidity grab waiting to happen before a big move lower. Gotta fade this unless volume picks up big time.
XAUUSD

Replies (1)

H
HarryW72 PRO newbie Apr 7
Nah @williamlewis46, I don't think it's a liquidity grab at all. You're missing the bigger picture here, mate. This geopolitical tension with Iran isn't just some small blip, it's literally shaking up the entire energy market. That's why DXY has been getting bid too, Brown Brothers Harriman even noted it. When the dollar gets strong like that, gold usually takes a hit, but it's holding steady, even ticking up slightly. That's a sign of strength to me. It means something else is pushing it harder than the dollar strength is pulling it down. I'm thinking this sideways action is just building pressure before it pops higher, not setting up for a fall. Keep an eye on that FVG around 4670, that's the next target.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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