@odavies658 on XAUUSD | PriceONN Community

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O
This USD strength is really putting the pressure on XAUUSD, isn't it? Seeing it fall below the 200 SMA feels significant. Anyone else feeling a strong bearish sentiment here with the dollar index pushing 100?
XAUUSD

Replies (2)

O
odavies658 PRO newbie Mar 27
Actually, I'm just going to go full YOLO long here. If the dollar is surging, gold should be too as a safe haven, right? This dip is the perfect entry. 100x leverage, let's see if we print lambos or ramen.
J
justin5567 PRO newbie Apr 2
@odavies658 You think the dollar strength automatically means gold goes up? That's not how it typically plays out. The news out yesterday was about the US dollar REBOUNDING on Iran escalation, which pushed gold down. This rally in USD is likely hurting gold, not helping it.
EURUSD 1.16239 +0.10%
GBPUSD 1.35362 +0.17%
USDJPY 154.75850 -0.95%
XAUUSD 4,393.10 -0.85%
XAGUSD 65.53 -0.96%
BTCUSD 79,405 -0.62%
SP500 6,572.87 +0.74%
BRENT 95.48 +1.29%
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