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Xauprice

Gold on Buy Hey bulls we have seen some volume entering the game now, gold is on its way to 1900 $ on the volume indicator, I see some banks and big financial institutions put some liquidity to the market, XAUUSD is about to reach 1900 -1910 resistance area, the US retail sales MM previous was 0.8, the forecasting is 1.4 the actual is 1.7 The broad-based gain in spending highlights how elevated savings and rising wages have helped Americans sustain a robust pace of merchandise spending. Though total retail sales are well-above pre-pandemic levels, a recent inflation-driven collapse in consumer sentiment risks a future tempering in demand. Results from Walmart (NYSE: WMT) Inc. and Home Depot Inc. (NYSE: HD) earlier on Tuesday showed households are broadly maintaining robust demand for merchandise even as higher inflation squeezes purchasing power. Comparable sales at Walmart in the latest quarter exceeded forecasts while home-improvement retailer Home Depot reported stronger-than-expected results. I see the market maker tend to safe haven for this period of the pandemic.
FX_IDC:XAUUSDLong
by youssefallax
1
GOLD | BUY on CorrectionThe lower (yellow) trendline coincides with the 100 EMA (gray) which indicates a strong area of support and this trendline also crosses with the next monthly Pivot-Point and also with this weeks Pivot-Point which makes this support zone super strong (I marked it with a yellow circle). Next up, we have a strong resistance where the price is right now because the weekly R1 Pivot-Point coincides with the drawn resistance zone. If this resistance holds, then we have our trade set up: Wait for pullback to lower (yellow) trendline and/or 100 EMA, then BUY (on August 1st/2nd/3rd).
FX_IDC:XAUUSDLong
by MarcsPal