XAUUSD : Appearance of weakness in the 1900 zone?

U.S. retail sales data released on Tuesday showed consumer spending remained strong in the country, potentially indicating more inflationary pressures in the coming months.

Investors mostly favor the dollar and Treasuries as a safer haven than gold, as risk appetite worsens amid worsening economic conditions across most globally, especially in China.

The greenback steadied near 1-and-a-half month highs on Wednesday, after recovering sharply from 2023 lows over the past month

Comment:

Gold had another day of losses yesterday as the USD remained strong after some disappointing China economic indicators stoked concerns about global growth, boosting haven demand. into the greenback.

Especially the US retail data released yesterday was also very impressive. US consumers still show resilience even in the face of high interest rates, and those continued strengths are likely to boost the USD

Comment:

Resilient US fundamentals appear to have rekindled the narrative around a longer-term tighter stance from the Federal Reserve.

In fact, beyond the risk appetite bias, the dollar could face additional headwinds due to its data-dependent stance from the Fed amid continued deflation and cooling of the labor market. current motion.

Comment:

SELL SCALP XAUUSD 1907 - 1909

SL: 1912

TP1 : 1900
TP2 : 1890

Trade closed: target reached:

📣 Plan SELL Close Full Hit TP1 + 70pips 😮

Trade active:

Close 1/2 + 65pips ✔️✔️✔️ Move SL to Entry 😮

Trade closed: target reached:

Plan BUY HIT TP1 + 80pips ✔️✔️✔️

Comment:

- Goldman Sachs is planning a hiring joy to fix fading amid Fed sternness.