Bartez

Retail sales will not effect the value of gold significantly

FX_IDC:XAUUSD   GOLD / US DOLLAR
35 1 1
following my evaluation of retail sales I say we are going sideways >>>>>
Don't worry about your longs or shorts you will get a chance to profit as long as they are in current price range of gold             1270-1265. IMHO I think we are inbound a wide crater or hill             (technical terminology) that will both even out over a week or two.. The data is taken from http://www.census.gov/
The markers point to approximately the date of release for the prior month, so any effect seen from the prior months performance should be evident from the marker going forth.
Gold will not be effected by any monthly report on any published retail sales as a whole for the US, dailyfx claims a positive retail sale outcome will have a negative impact on gold. I don't think in my honest opinion retail sales are not much if any of a factor in the value of gold so we shall see, At best my forecast is... we are going sideways in value up and down. DXY has played a significant role in the value of gold this past week altho the effects of DXY are not mirrored to the value of gold any movement in price has an effect, DXY down GOLD up vice versa.
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