XAU price increased quite strongly to near historical peak after the instability taking place in the world
World gold continues to increase and moves towards the historic peak of 2,450 USD/ounce recorded on May 20 after the US announced that total retail sales remained unchanged in June. In May, revised figures showed total retail sales increased 0.3%.
In fact, economists forecast that total retail sales decreased by 0.3% in June. Thus, the number announced last month exceeded expectations. However, this is not positive information.
The US economy tends to send signals that are no longer as strong as in the first few months of the year.
Previously, the US announced that inflation continued to cool down and the labor market tended to deteriorate with the unemployment rate increasing.
World gold continues to increase and moves towards the historic peak of 2,450 USD/ounce recorded on May 20 after the US announced that total retail sales remained unchanged in June. In May, revised figures showed total retail sales increased 0.3%.
In fact, economists forecast that total retail sales decreased by 0.3% in June. Thus, the number announced last month exceeded expectations. However, this is not positive information.
The US economy tends to send signals that are no longer as strong as in the first few months of the year.
Previously, the US announced that inflation continued to cool down and the labor market tended to deteriorate with the unemployment rate increasing.
Note
SELL XAU 2474TP1: 2468
TP2: 2460
SL: 2483
Note
Running + 40 pipsNote
Running 70 pipsNote
RUnning + 90 pips
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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.