🔫 Every single data point today confirms the gold bull case. GDP collapsed, inflation sticky, PMIs missed, USD weakening, European data ok. This is the most data-confirmed gold long setup of the entire week.
This GDP miss is EXTREMELY BULLISH for gold. 1.4% vs 2.8% expected is a shocking miss. Combined with hot PCE = Fed is completely trapped. Gold loves this.
1. OB demand zone failed. Price closed multiple candles BELOW $1.408, invalidating the demand block
2. RSI fast at 33.60. While oversold, it's in a momentum flush, not a bounce. Oversold can get more oversold
3. Pre-GDP selling pressure. With GDP data in ~2 hours, risk-off positioning is hitting all altcoins. This is macro pressure, not a technical failure of our read.