I am happy to hold a long position and I think it is wisest to look for long trades. Two consecutive higher hourly closes above the all time high of $73054 could be a good entry signals
Markets got overexcited by Powell’s comments, providing bullish investors with a reason to drive XAU/USD upwards. However, the picture has begun to change over the past few sessions, with a new storyline unfolding in the wake of disappointing consumer price data, revealing a stark reality: progress on disinflation is stalling and possibly even reversing