XAUUSD : 🔴 Retail Sales Effect 🔴
Updated
There will be Retail Sales m/m & Core Retail Sales m/m announcements today , so , let's find out what will be the possible effects of it on the market !
🔴 USD : Retail Sales m/m
🔴 USD : Core Retail Sales m/m
📝 Usual Effect : 'Actual' greater than 'Forecast' is good for currency !
📒 Why Should We Care ? It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity !
📝So , If the Actual would be less than forecast can cause another pump for Gold and the fall of DXY and if 'Actual' announces greater than 'Forecast' is good for currency and bad for gold ! so let's wait and see ! the price is in a Supply zone now and we have to see if it will be broken or what !
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 11.16.2022
⚠️(DYOR)
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🔴 USD : Retail Sales m/m
🔴 USD : Core Retail Sales m/m
📝 Usual Effect : 'Actual' greater than 'Forecast' is good for currency !
📒 Why Should We Care ? It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity !
📝So , If the Actual would be less than forecast can cause another pump for Gold and the fall of DXY and if 'Actual' announces greater than 'Forecast' is good for currency and bad for gold ! so let's wait and see ! the price is in a Supply zone now and we have to see if it will be broken or what !
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 11.16.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
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