The market consensus expects a 0.7% month-on-month increase (vs. -0.6% in March), suggesting a possible rebound in household retail demand, pushing up inflationary pressures again.
Once it is said that inflation is pushed up again, market expectations will promote the possibility of raising interest rates in June, and the US dollar index may usher in a rise. Relatively speaking, non-US currencies may usher in a dive.
Now there is half an hour left before the most important data of this week: the monthly rate of U.S. retail sales. This data market generally expects a month-on-month increase of 0.7%. This is a bad news for gold, and I personally think that it will fall below the 2000 mark today. It is also bearish, so my suggestion is to continue to maintain the short-selling signal on rallies today, waiting for the data to be released.
XAUUSD: Our 2010 short order continues
TP1:1995
TP2:1975
Once it is said that inflation is pushed up again, market expectations will promote the possibility of raising interest rates in June, and the US dollar index may usher in a rise. Relatively speaking, non-US currencies may usher in a dive.
Now there is half an hour left before the most important data of this week: the monthly rate of U.S. retail sales. This data market generally expects a month-on-month increase of 0.7%. This is a bad news for gold, and I personally think that it will fall below the 2000 mark today. It is also bearish, so my suggestion is to continue to maintain the short-selling signal on rallies today, waiting for the data to be released.
XAUUSD: Our 2010 short order continues
TP1:1995
TP2:1975
Trade active
Trade closed: target reached
Trade active
Arrived in 1995Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
It was almost 1975
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If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.