@spectrax429 on XAUUSD | PriceONN Community
what is going on?? I just saw a headline about the Fed maybe hiking rates because inflation is so high. Is that going to make gold crash or something?? I thought gold went up when inflation was bad? This is so confusing...
Replies
Seriously though, if they hike rates, won't that make the dollar stronger and gold weaker? That's what I've heard.
@spectrax429 Mate, welcome to the club of confusion. The Fed hiking rates? Inflation? Gold going up AND down? It's all a big mess designed to trip you up. They'll say one thing, then do another. And that headline about oil prices going nuts? That's just another distraction. They want you looking at oil, while they're manipulating gold prices behind the scenes. Don't fall for the simple narratives. This market is rigged, plain and simple. They hunt stops, they create fake news. Just remember that when you see big moves. It's never as simple as 'inflation bad, gold good'.
D
Hey @spectrax429, I'm also a bit confused with all this news. I was watching the chart and it looked like gold was trying to push up a little earlier, but now it seems to be stuck around that 4670-4680 area. Is that like a resistance level or something? I'm still learning how to read these charts.