XAUUSD - Trading strategy on September 11, should buy or sell?
World gold prices this morning tend to increase with spot gold rising to 1,923.6 USD/ounce.
Last week, gold fell more than 1% due to lack of economic data and market events. Kitco News' latest weekly gold survey shows that the precious metals market has lost interest as less than half of retail investors expect gold prices to increase this week, while many market analysts return to the downward trend.
The most important economic data for gold traders this week will be the US consumer spending index and the US product price index for August, which will be released on Wednesday and Thursday. The market will also monitor US retail sales in August and the ECB's interest rate decision.
Last week, gold fell more than 1% due to lack of economic data and market events. Kitco News' latest weekly gold survey shows that the precious metals market has lost interest as less than half of retail investors expect gold prices to increase this week, while many market analysts return to the downward trend.
The most important economic data for gold traders this week will be the US consumer spending index and the US product price index for August, which will be released on Wednesday and Thursday. The market will also monitor US retail sales in August and the ECB's interest rate decision.
🟢TP: 1918
🟢TP: 1913
🔴SL: 1931