@fastLake1 on XAUUSD | PriceONN Community
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Weekend thoughts on XAUUSD. Friday's close near 4749 felt a bit weak, right at the 50 SMA. This upcoming week, I'm really watching for any potential gap open on Monday. The news about Iran talks could either push gold higher or cause a sharp correction if things sour. Personally, I'm leaning towards some upside if the dollar keeps weakening, but the oil price volatility is a big question mark for inflation and Fed policy. Need to manage positions carefully over the weekend.