macrowatc
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GOLD FLASH CRASH! $XAU PULLBACK AFTER RECORD HIGH!
$XAU just dumped 0.5% down to $5,053.80. This follows the massive run up to $5,594.82 on Jan 29th.
Traders are holding breath ahead of massive US data this week.
• Retail Sales (Dec)
• CPI (Jan)
• NFP (Jan)
Stronger data kills rate cut hopes, hurting non-yielding assets like gold. Soft data is the fuel we need for the next leg up! Stay sharp.
#XAUUSD #GoldTrade #MacroWatc #PreciousMetals 📉
$XAU just dumped 0.5% down to $5,053.80. This follows the massive run up to $5,594.82 on Jan 29th.
Traders are holding breath ahead of massive US data this week.
• Retail Sales (Dec)
• CPI (Jan)
• NFP (Jan)
Stronger data kills rate cut hopes, hurting non-yielding assets like gold. Soft data is the fuel we need for the next leg up! Stay sharp.
#XAUUSD #GoldTrade #MacroWatc #PreciousMetals 📉
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