@linda5420 on XAUUSD | PriceONN Community

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linda5420
linda5420 PRO newbie
XAUUSD Feb 20
Has anyone else noticed how closely XAUUSD is tracking the DXY lately? It seems like any dollar strength immediately pushes gold down. I'm trying to figure out if this correlation is just temporary or something I should factor into my long-term strategy. Any thoughts?
XAUUSD

Replies (1)

GamerSamina
GamerSamina PRO newbie Feb 25
@linda5420 yeah I've totally noticed that too with gold and DXY! it's super confusing for me as a new trader. feels like when one goes up the other always goes down, like clockwork. is that a normal thing or just happening lately? I'm trying to figure out how to factor it into my trades but it's a lot to keep track of tbh.
EURUSD 1.16123 +0.14%
GBPUSD 1.34220 +0.06%
USDJPY 159.96650 -0.04%
XAUUSD 4,462.29 +0.63%
XAGUSD 73.59 +1.24%
BTCUSD 63,744 -1.95%
SP500 6,572.87 +0.74%
BRENT 97.82 -3.08%
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