GOLD 45MIN
The USD Core Retail Sales m/m came in slightly below expectations at 0.4% vs 0.5%, while Retail Sales m/m also missed the mark at 0.4% vs 0.6%. However, Unemployment Claims were higher than expected at 217K vs 210K. This mixed data may have contributed to a slight decrease in USD strength, creating a buying opportunity for gold investors and driving prices up to $2724.5.
The Core Retail Sales data is a key indicator of consumer spending, which accounts for a significant portion of the US economy. A slower-than-expected growth in retail sales may indicate a decline in economic activity, potentially weakening the USD
Watch out for rejection at 2718 and break of demand floor at 2713-2714 and 2711 ..break and close sell to 2700 and watch before buy back.
The Core Retail Sales data is a key indicator of consumer spending, which accounts for a significant portion of the US economy. A slower-than-expected growth in retail sales may indicate a decline in economic activity, potentially weakening the USD
Watch out for rejection at 2718 and break of demand floor at 2713-2714 and 2711 ..break and close sell to 2700 and watch before buy back.
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