GOLD Price cheers US Dollar decline, as well as mixed effect on market consolidation ahead of top US data/events to depict recovery correction rebound from 5-week low.
Going forward, US Retail Sales for July, expected to be 0.4% month-on-month versus 0.2% prior, will be important to keep an eye on the intermediate directions of GOLD Price.
US retail sales, FOMC Minutes looking for clear directions, risk catalysts also in the spotlight.
Trading plan:
SELL XAUUSD: 1919 - 1921
Stoploss : 1926
Take Profit : 1915 Take Profit : 1910 Take Profit : 1900
Note : TP, SL full to be safe and win the market !
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