XAUUSD HISTORIC HIGHS AT $2690.46 17-10-24 AT 19:47 HRS

🚨 XAUUSD (Spot Gold) CPI DAY 🔖 17-10-2024 🚨

Sell at : $2690-$2710-$2730-$2750
Buy at: $2658-$2634-$2615-$2606

CMP - $2690.47 (as of writing) 📈

⚠️Warning: Do not risk more than 5% of your capital. Trading in gold and other financial markets involves significant risk and may result in substantial losses.

📊💹Fundamentals that might impact XAUUSD: Date: 17 Oct, 24 📌
• U.S. Retail Sales Exceed Expectations in September: The latest data shows stronger-than-anticipated retail sales, indicating resilient consumer demand.
• Philadelphia Manufacturing Index Surpasses Forecasts in October: The index reported unexpected growth, signaling an improvement in manufacturing activity.
• ECB's Data-Driven Strategy: The European Central Bank reaffirms its commitment to a data-dependent, meeting-by-meeting approach in deciding the appropriate duration and level of monetary tightening.
• ECB Cuts Interest Rates to 3.25%: The ECB lowers its interest rates to 3.25%, signaling a shift in monetary policy amidst evolving economic conditions.
Nasdaq 100: Tech Recovery Likely to Sustain Upward Momentum Through U.S. Election and Earnings Season: The ongoing recovery in the tech sector could help maintain the Nasdaq 100's uptrend, with strong prospects leading into the U.S. election and corporate earnings reports.