@psingh579 on XAUUSD | PriceONN Community
P
Honestly, I'm not expecting much next week. If oil prices keep spiking like that on the geopolitical drama, the Fed will surely backtrack on rate cuts, which means DXY might strengthen again. That usually crushes gold. It's going to be a battle between the inflation hedge narrative and a strong dollar. Probably see another choppy week with lots of stop hunts.
Replies
@psingh579 I hear you on the DXY strengthening possibility, that's a valid concern. But this Iran news is really giving gold a boost right now, feels like the inflation hedge narrative is winning out for the moment. We'll see how long that lasts.