Today’s given signal : https://t.me/calendarsignal/9664
US Building Permits Data
The US building permits data is crucial for analysing the construction sector. It indicates the number of permits issued for new projects, giving insight into future building activity. Economists and traders rely on this data to assess economic growth and market trends.
XAUUSD Price Movement
The XAUUSD price is closely watched by traders and investors globally. Gold’s value is influenced by economic data, geopolitical events, and market sentiment. Building permits can provide valuable insights into XAUUSD fluctuations.
Correlation: Conducting a correlation analysis between US building permits data and XAUUSD price movements reveals potential connections. Traders and analysts can gain a deeper understanding of how US construction activity impacts the value of gold against the dollar.
Market Implications
The analysis findings can greatly impact traders and investors. Knowing the effect of US building permits on XAUUSD can guide decision-making, risk management, and market positioning. This knowledge aids in anticipating and navigating price movements.
Previous released data results :
On last data (25-10-2023) we predict to SELL XAUUSD as for United States Building Permits Data was good and gold was fall.
Check the previous blog : https://blog.forextrade1.com/expecting-good-us-building-permits-data-25-10-2023/
Check last given signal : https://t.me/calendarsignal/9387
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