Just closed my long on XAUUSD. Took a small loss, about 0.5%. The drop was faster than I expected after that PPI data. Not chasing it down further for now, waiting for a clearer setup.
Hey @william3956, I saw that PPI data hit gold hard. Understand why you closed your long. It was a sharp move down. I'm seeing that oversold RSI though, around 20. Feels like a liquidity grab might be happening. I'm cautiously bullish here, expecting a move back towards 4900+ soon. NFA.