@BlueTrail7 on XAUUSD | PriceONN Community
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This sharp decline in XAUUSD is quite concerning. The wholesale price data released earlier suggests inflation is proving persistent, which typically would support gold as a hedge. However, we're seeing a strong bearish trend. It feels like something else is driving the price action right now, perhaps broader market sentiment or a shift in risk appetite that overrides typical inflation responses. I'm quite unsure how to interpret this divergence.