Trading strategy for January 15 CPI data

שלשום

Gold has slightly rebounded due to support from a weaker US Dollar and easing Treasury yields, as the US Producer Price Index (PPI) inflation data came in lower than expected, easing concerns about rising inflation in the near term.

In today’s session, investors will continue to watch for the release of the Consumer Price Index (CPI) data at 20:30 and a speech by the Federal Reserve’s Governor at 22:00. As such, investors may remain cautious in their trades ahead of these important economic reports and news.

At the start of the Asian session, there are expectations that Gold may see some upward movement. Therefore, considering a Buy position is recommended, with targets at 2,678 - 80 and further up at 2,685 - 87. However, after this, we can look to sell on any pullback in the 85 - 87 region, aiming for 5-10 points profit.

Currently, traders can consider buying within the short-term range in the Asian session. If the price closes below 2662, avoid buying and wait for lower levels to enter. For now, the bias is more towards buying, and further updates will be provided as the price action unfolds towards the European session.

Key Resistance: 2678 - 2682
Key Support: 2664 - 2660

Trading Plan:

SELL ZONE: 2683 - 2685
SL: 2690
TP: 2680 - 2676 - 2674 - 2670

BUY ZONE: 2657 - 2655
SL: 2652
TP: 2660 - 2663 - 2665 - 2670 - ????

Today, we have crucial CPI data coming out, so be cautious with your trades and avoid complacency. Always adhere to your TP/SL levels to protect your account. The ADMIN will provide continuous updates on any changes in price action. GOOD LUCK!

שלשום

עסקה פעילה

Gold increased first, then decreased – in the past few hours, Asia and Europe have pushed gold from 70 to 86, a 16-point move. In 60 minutes, the CPI data for the month, year, and Core CPI will be released. Based on available data and expert analysis, we can make a reasonable prediction:

- The year-over-year CPI will likely be above 3%, indicating positive news for the year’s CPI.
- The monthly CPI may not show significant movement, with an expected increase of around 0.3% or 0.4%.
- The Core CPI is expected to remain consistent with forecasts.

Thus, we may have three positive reports, or one negative and two positive. This could cause gold to experience a slight increase initially, followed by a decrease afterward.

Consider the following trading zones:

- Sell Zone: 2696 - 2698, with a Stop Loss at 2703 (assuming a wider range for price fluctuations).
- Buy Zone: 2662 - 2660, with a Stop Loss at 2656.

Pay attention to the next Buy resistance zone if the price breaks 2656, which is at 2645.

שלשום

עסקה סגורה: היעד הושג

CPI strategy updated for you before the news of the price range 2696 - 2698, which was matched after the news was announced at entry 2696 and fell sharply by nearly 200 pips. The plan and viewing strategy for you is still very standard and accurate in a timely manner.

There will be a few of you guys whose prices will slip and orders won't be matched because spreads are different on each exchange, but it's okay, our strategy view is still very good and see you tomorrow with K.O market.

שלשום

הערה

At the support price area of ​​2678 listed for you yesterday in the daily plan and viewed again in the EUR session, it was already a hard price resistance area.

After the news and the FOMC member's statement, the price bought back more than 200 pips from this price range. As I have listed for you the hard resistance areas and our increasing view is a good trend, wait for my plan today.