🇺🇸 US CPI came in at 3.7%. Everyone expected 3.6%. That 0.1% wiped billions from gold in minutes.
Gold slipped below $4100 to $4,086. Silver followed. Both candles closed red before most traders could react.
I was watching the feed when it dropped. One minute calm, next minute liquidations everywhere. I've seen CPI prints before. This one felt different.
Gold was priced for a rate cut. CPI at 3.7% kills that hope. If inflation stays hot, Fed can't cut. Strong dollar = gold and crypto bleed.
Bitcoin dropped to $81.9K after the print, barely holding.
I lost a long on XAU last year holding through CPI. Not making that mistake twice.
Watch 4,000 on gold. If it breaks, 3,800 next.
Are you fading this or waiting for bounce?
$XAU $XAG $BTC #CPIWatch
Gold slipped below $4100 to $4,086. Silver followed. Both candles closed red before most traders could react.
I was watching the feed when it dropped. One minute calm, next minute liquidations everywhere. I've seen CPI prints before. This one felt different.
Gold was priced for a rate cut. CPI at 3.7% kills that hope. If inflation stays hot, Fed can't cut. Strong dollar = gold and crypto bleed.
Bitcoin dropped to $81.9K after the print, barely holding.
I lost a long on XAU last year holding through CPI. Not making that mistake twice.
Watch 4,000 on gold. If it breaks, 3,800 next.
Are you fading this or waiting for bounce?
$XAU $XAG $BTC #CPIWatch