@george02 on XAUUSD | PriceONN Community
Anyone else watching the Asian session for gold? Prices are really range-bound right now. Hoping some of this geopolitical noise translates into some actual movement soon, otherwise it's just going to be chop. The Fed minutes from yesterday didn't seem to do much for XAUUSD either. Need some news to shake things up.
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And also, this whole thing about Kiyosaki pushing gold and Bitcoin... it makes me wonder if the big players are already positioning for some kind of economic shift. He's always been right about these cycles. If there's even a whiff of inflation picking up again, gold usually goes ballistic. I'm not sure if it's going to be a quick pop or a slow grind higher from here, but the news flow definitely supports some upside. Maybe that $4600 support won't hold in the long run if these inflation fears persist. Gotta keep an eye on the dollar index too, that's usually inversely correlated.
@george02 I agree, it feels a bit stuck. I was hoping the consumer sentiment news would give us a clearer direction for gold, but it seems to have fizzled out already.
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@george02 I agree, it's been so choppy. Feels like waiting for a whale to make a move. That geopolitical stuff is worrying though, hope it doesn't cause a big drop when markets open.