Buy the rumour sell the fact. Gold shorts worked. Now looking for a deeper pullback to the 3600-3590 level, maybe even more have to see when it gets there
Attached Image (click to enlarge)
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{quote} economy getting worse i wonder will they stay on the way of cutting rates........
But here’s why gold (XAUUSD) likely dropped instead after this news:
1. Markets treat it as backward-looking
- The benchmark revision is a historical correction (March 2024 → March 2025).
- Traders focus more on forward-looking indicators like the monthly NFP, CPI, or Fed guidance.
- Since this revision doesn’t change the Fed’s immediate policy stance, markets often discount it.
2. Risk sentiment reaction
- The revision highlighted statistical error sources (response & nonresponse bias) rather than fresh evidence of economic weakness.
- Markets may have viewed this as technical noise rather than a signal of worsening conditions, causing profit-taking in gold after its recent rally.
3. Dollar and yields impact
- If the market interpreted the benchmark change as “not meaningful for near-term Fed policy,” U.S. Treasury yields and the dollar might have stayed firm.
- Stronger USD or steady yields usually pressure gold lower (since gold has no yield).
4. Positioning / crowded trade
- Gold has been heavily bid up lately (with XAUUSD near record levels).
- Even mildly “neutral” or “ignored” news can trigger profit-taking, especially if speculators were positioned for more dovish signals.
In short:
Gold dropped because the CES revision was seen as backward-looking, technical, and not policy-changing. Instead of sparking new Fed easing bets, traders took profits on gold’s highs, while USD and yields stayed firm.
Behold
- #646
- Sep 9, 2025 2:42pm Sep 9, 2025 2:42pm
- Joined Jul 2025 | Status: Trader | 1,071 Posts
{quote} Okay sorry..{image} Something told me to sell it.. So I did.
{quote} i would like to hear it if you want to say........
As I closed my longs at 3662, i was looking for a sell setup obviously..
But I wasn't sure about that..
First there was a drop in volume.. buyers were not as strong as they suppose to be..
Then a Zimbabwean guy gave a hint by saying that he has insider information that retails would be trapped.
As, everyone was buying, I sold to leave the herd. and it was running in 350+ pips
This is how I prioritize my trading styles:
I just followed my 1st and 2nd priorities (Never always right)
Behold
Just wondering, is there something special about Gold in terms of technical analysis, maybe the candles look different or something? I’ve always wondered why people limit themselves to one instrument. Maybe it sounds cool? Gold. From what I’ve seen, the instrument actually doesn’t matter. As long as the spread is good, it’s tradable just the same as Gold or anything else. Price action produces candles and those can be traded all the same. Just my two cents.
2. the main reason is because of the volatility, the potential money making aspects (and losing
)3. more risk, more reward , its aggressive, which suits many peoples trading style.
It's like a nightclub instead of a nursing home. Where the action happens...
what gold does in a day, a FX pair might do in a week.. soo why sit around waiting for a 40 pip move when you can catch a 400 pip move on Gold in the same time span
{quote} 1. getting to know one pair inside and out is easier than trying to constantly keep track and mark levels on various instruments 2. the main reason is because of the volatility, the potential money making aspects (and losing
- #657
- Sep 10, 2025 1:04am Sep 10, 2025 1:04am
{image} {image} {image} EXPECTING THIS LONG TERM. GOLD IS JUST LIKE ANY OTHER PAIR, THE ONLY DIFFERENCE IS IT VOLATILITY AND THAT MAKES IT MORE RISKY
THERE IS A SHIFT, BUYERS COMING TO PUSH IT UP AGAIN .
- #658
- Sep 10, 2025 1:07am Sep 10, 2025 1:07am
{image} {image} {image} EXPECTING THIS LONG TERM. GOLD IS JUST LIKE ANY OTHER PAIR, THE ONLY DIFFERENCE IS IT VOLATILITY AND THAT MAKES IT MORE RISKY
THERE IS A SHIFT, BUYERS COMING TO PUSH IT UP AGAIN .
