@patrick3777 on XAUUSD | PriceONN Community
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I'm curious to hear everyone's thoughts on the long-term outlook for XAUUSD 🤔. With inflation still a concern, does gold still hold its safe-haven appeal? I've been doing some research into the correlation between interest rate hikes and gold prices, and the historical data is a bit mixed 🤷♂️. It seems like the initial reaction is often negative, but then gold tends to recover as investors seek shelter from economic uncertainty. I'm thinking of scaling into a long position gradually, but I'm also aware of the potential for further downside in the short term. What are your strategies for navigating this market? 📈📉