@PrimeMover81 on XAUUSD | PriceONN Community
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Seeing that headline about oil prices potentially making the Fed delay rate cuts is interesting. 🛢️ If inflation stays sticky because of energy costs, that's definitely a risk-off signal for markets. Gold usually thrives in that kind of environment, especially with all the geopolitical tensions simmering. I'm keeping an eye on whether this news pushes XAUUSD back towards that 4700 level or even higher, especially if global demand fears kick in. It might override some of the hawkish talk we've been hearing. Need to see how the DXY reacts too. This could be the catalyst for a decent rally if it plays out that way. 💪