@nwright657 on XAUUSD | PriceONN Community
N
The current sentiment around XAUUSD is definitely skewed towards fear, given the geopolitical tensions. The knee-jerk reaction to the news regarding Iran is driving a lot of the volume. However, it's crucial to separate the noise from the signal. While the initial surge is understandable, a sustained rally requires more than just fear. I'll be assessing the fundamental impact of the strike on global supply chains and inflation expectations before committing to a long-term position. A correction is likely if the market overreacts.