@psharma220 on XAUUSD | PriceONN Community

Good point @psharma220, the correlation with energy prices is definitely worth watching. That big drop last week on gold felt like more than just macro shifts, almost like forced selling. I'll be looking at the 200 SMA on the weekly chart come Monday to see if that holds.

Hey @psharma220, I totally get what you're saying about the correlations, especially with crude oil. That big drop gold took last week really felt weird, almost like someone was just liquidating positions fast. It wasn't a smooth decline at all. And yeah, bond yields are always a factor, but this energy volatility is something else. It’s like the markets are trying to figure out if we’re heading into a recession or if the Mideast confusion is going to spark something bigger. Makes it tough to place a clear bet. I'm just watching the price action like a hawk, waiting for a clearer signal before I jump in again.