Today, on 21st June 2024, the US S&P Manufacturing and Services PMI is expected to release higher figures, which could have a significant influence on the XAUUSD pair. The release of this data often affects the movement of gold prices, as gold is often considered a safe haven asset during times of economic uncertainty.
Today’s given signal : https://t.me/calendarsignal/13194
The S&P Manufacturing PMI measures the monthly performance of the US manufacturing sector, while the S&P Services PMI evaluates the overall health of the services sector. Both indices are considered important indicators of economic activity and provide insights into the strength of the US economy.
If the S&P Manufacturing and Services PMI releases stronger-than-expected figures, it could trigger a bullish reaction in the XAUUSD pair. Higher PMI readings often indicate growing economic activity, which can boost investor confidence and drive demand for gold as a hedge against inflation and market volatility.
Traders and investors should closely monitor the release of the S&P Manufacturing and Services PMI figures today, 21st June 2024. Any significant movement in the XAUUSD pair could be influenced by these data points, presenting opportunities for profit or loss depending on their interpretation.
In conclusion, the release of higher US S&P Manufacturing and Services PMI figures today, 21st June 2024, has the potential to impact the XAUUSD pair. Traders and investors should closely monitor the data and the reaction in gold prices to gain insights into the market dynamics and potentially capitalize on potential opportunities.
Previous released data results :
On last data (5-6-2024) we predict to SELL XAUUSD as for Higher S&P Global US Manufacturing PMI data GOLD price was fall.
Check last given signal : https://t.me/calendarsignal/12758
Performance :
