@david5941 on XAUUSD | PriceONN Community
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Anyone else keeping an eye on the upcoming US CPI data release next week? It's going to be HUGE for XAUUSD direction. If inflation comes in hotter than expected, we could see a massive spike. Conversely, if it cools off, expect a sharp pullback. This volatility is exactly what we need for big plays!
Replies
J
Hey @david5941, definitely watching that CPI data release next week. It's going to shake things up for sure. Right now, the market feels pretty quiet though, just consolidating around the 50 SMA. We need that catalyst to get some real movement going. Hope it comes in hot!
Hey @david5941, I agree CPI will be huge, but I'm also worried about the immediate price action. It feels heavy right now, not like it's ready to spike.
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@david5941 CPI is always a joke, they just print whatever numbers they want to move the market. This whole inflation talk is just noise. 🙄