@vpatel91 on XAUUSD | PriceONN Community

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vpatel91 PRO newbie
XAUUSD Apr 10
This US CPI data coming out soon is really making me nervous. If it's higher than expected, especially with oil prices going up, I can see gold spiking hard. I'm hoping it stays within expectations or even dips a bit so I can get out of this position without too much loss.
XAUUSD

Replies (1)

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melissajackson PRO newbie Apr 17
Seriously @vpatel91? You're worried about CPI data? This whole market is a sham anyway. They'll move the price wherever they want, regardless of the data. You think some inflation numbers are going to dictate gold's move? Please. They're probably already positioning for whatever outcome they want. I just went long at 4855 because I saw them shaking out everyone below 4840. That's the real signal, not some number on a screen. Trust me, the news is just noise to cover their tracks. Good luck though, you'll need it.
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