CPI ran hot and everything dumped — stocks, crypto, even $GOLD down 1.6% despite being the inflation hedge. When panic hits, correlations go to 1.0; everything bleeds first, logic comes later.
Gold's bear flag I've been watching for weeks looks ready to break. Could bounce intraday, but I'm eyeing $3900 next, possibly $3500 if it really unravels. Took profit on my long yesterday at $4200 — no hero holding into this.
Plan: Start rebuilding longs at $3900, scale in lower if needed. Risk-first, no FOMO chasing bounces into resistance.
Gold's bear flag I've been watching for weeks looks ready to break. Could bounce intraday, but I'm eyeing $3900 next, possibly $3500 if it really unravels. Took profit on my long yesterday at $4200 — no hero holding into this.
Plan: Start rebuilding longs at $3900, scale in lower if needed. Risk-first, no FOMO chasing bounces into resistance.