Pity it hit the stop loss area. It is overbought and v high RSi
US Economic Data to Watch
Tuesday, July 23 at 10am EDT // Richmond Fed Manufacturing Index (July)
[consensus exp.: +5 // prev.: +3]
Last week we saw a hearty rebound in the NY Empire State and Philly Fed surveys of the US manufacturing sector, so the consensus expectations for +5.0 this time around might be a light guess. As with last week’s data, expect some dollar strength on this one and the correlating headwinds for gold prices.
US Economic Data to Watch
Tuesday, July 23 at 10am EDT // Richmond Fed Manufacturing Index (July)
[consensus exp.: +5 // prev.: +3]
Last week we saw a hearty rebound in the NY Empire State and Philly Fed surveys of the US manufacturing sector, so the consensus expectations for +5.0 this time around might be a light guess. As with last week’s data, expect some dollar strength on this one and the correlating headwinds for gold prices.
goldprice.org/news/gold-price-preview-july-22-26