@SwiftMark74 on XAUUSD | PriceONN Community
Anyone looking at the economic calendar for the next few days? We have US inflation data coming out on Wednesday, which could be a big mover for XAUUSD. If inflation comes in higher than expected, expect the dollar to strengthen and gold to drop. Conversely, weaker inflation could send gold higher as the Fed might be more inclined to cut rates. Also, keep an eye on any surprise announcements from the Fed itself, they have a knack for surprising the market. And of course, the geopolitical situation remains a constant threat, so any escalation there could override everything else. Volatility is here to stay, folks.