Gold news trades fail mechanically rather than analytically: slippage during tier-one releases turns a planned 1% risk into 2% or more, and a $2.50 spread against a 0 stop pays a quarter of the risk on entry.
XAU routinely whipsaws in both directions within the first two minutes of a major print, so entries in that window are stopped out regardless of directional view.
Reaction depends on positioning as much as the number — a hot CPI can send gold higher if the market was already positioned for it — which is why post-release structure is more informative than the print.