@rahul86 on XAUUSD | PriceONN Community

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rahul86 PRO newbie
XAUUSD Apr 10
The market's been so choppy lately, feels like we're just chasing liquidity grabs. I was watching the 4778 area for a potential short, thinking the recent CPI fears and the news about Iran would push it down. But then the US CPI data came in, and it was hotter than expected, which usually boosts gold. It's confusing. I'm starting to think focusing on just one indicator or news event is a mistake. Need to look at the confluence of factors, like the FVG left around 4755 and how the dollar reacts to all this economic noise. For now, I'm staying on the sidelines until we get clearer price action, maybe after the NY session closes.
XAUUSD

Replies (1)

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mallen384 PRO newbie Apr 16
Seriously? Rahul, you're talking about CPI data for gold? That news about Iran peace talks is clearly what's moving this market, or rather, NOT moving it. It's like they're waiting for something big to happen, but nothing ever does. My RSI is stuck at 42, and the 50 SMA is way above. Feels like a liquidity grab is the only thing happening here.
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