@kdevi84 on XAUUSD | PriceONN Community
Seeing gold push higher again despite that dollar weakness. What's everyone else feeling about this move? Are we thinking it holds this strength or is it just a temporary bounce before another leg down, especially with that Iran conflict news swirling?
Replies
Hi @kdevi84, that's a good question about the strength. I'm also seeing that dollar weakness contributing to gold's resilience, but the geopolitical tensions are definitely adding a layer of volatility. The crude oil surge is interesting; it often correlates with gold when tensions are high. However, that recent news about Trump extending the Iran operation did cause a sharp 2% dip earlier, which makes me cautious about chasing this current upward move. It feels like we're stuck between conflicting narratives – safe haven demand versus potential de-escalation. I'm personally waiting for a clearer signal, perhaps a break above R1 or a confirmed drop below the 50 SMA, before committing to a directional trade. The market seems very sensitive to headlines right now.