On March 17, 2025, the United States reported robust retail sales data, indicating a strengthening economy. Simultaneously, escalating tariff concerns led to a recovery in the U.S. dollar (USD). Additionally, gold prices have recently surpassed the $3,000 mark, entering overbought territory.
Today’s given signal : https://t.me/calendarsignal/17484
Impact on Gold Prices (XAU/USD):
- Strong Retail Sales Data: Typically, positive retail sales reflect increased consumer spending, suggesting economic growth. This scenario often leads to expectations of higher interest rates, strengthening the USD and potentially reducing gold’s appeal as a non-yielding asset.
- Dollar Recovery Amid Tariff Concerns: The anticipation of higher tariffs can lead to a stronger USD as investors seek safety in the currency. A stronger dollar makes gold more expensive for holders of other currencies, which can suppress gold demand.
- Overbought Gold Levels: Gold’s recent surge past $3,000 has placed it in overbought territory, as indicated by technical indicators like the Relative Strength Index (RSI). Assets in overbought conditions are susceptible to price corrections.
Historical Data Analysis (2015-2024):
An analysis of the past decade reveals that when robust retail sales coincided with a strengthening USD and overbought gold conditions, gold prices often experienced corrections.
Previous released data results :
On last Retail sales data (14-2-2025) we predicted good data, & as per that we suggest to SELL XAUUSD & as a result, we made a profit of 85 points according to the signal we gave.
Check the previous blog : https://blog.forextrade1.co/gold-surges-to-all-time-high-whats-driving-the-rally/
Check last given signal : https://t.me/calendarsignal/17020
Performance : https://t.me/calendarsignal/17038
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