GOLD FLASH CRASH! $XAU PULLBACK AFTER RECORD HIGH!

$XAU just dumped 0.5% down to $5,053.80. This follows the massive run up to $5,594.82 on Jan 29th.

Traders are holding breath ahead of massive US data this week.

• Retail Sales (Dec)

• CPI (Jan)

• NFP (Jan)

Stronger data kills rate cut hopes, hurting non-yielding assets like gold. Soft data is the fuel we need for the next leg up! Stay sharp.

#XAUUSD #GoldTrade #MacroWatc #PreciousMetals 📉

XAU
XAUUSDT
5,027.86
-0.65%