Gold - Caution ahead of US PPI report | Priority on Sell setups

Sep 10

🟡 XAU/USD – 10/09 | Captain Vincent ⚓
🔎 Captain’s Log – Market Context

US 10-year bond yields rebound, signaling the market is awaiting key inflation data.

At 07:30, US PPI report will be released – a crucial figure that could strongly influence FED rate expectations.

Investors are also eyeing US CPI in the coming days to assess the inflation outlook.

The US Supreme Court accepted Trump’s appeal, but this news has not yet had a notable impact on Gold.

⏩ Captain’s Summary: Ahead of inflation data, Gold often tends to correct lower due to cautious sentiment.

📈 Captain’s Chart – Technical Analysis

Storm Breaker (Key Resistance):
Bearish OB: 3654 – 3660 (short-term upper cap)
ATH Watchtower: 3700 – 3702 (Sell Zone – possible new ATH test)

Golden Harbor (Strong Support):
Buy Zone: 3601 – 3602
OB Dock: 3582 – 3585

Currently, price is around 3640 – 3645, after a technical rebound from support. High probability that Gold will retest nearby resistance before a downward correction.

🎯 Captain’s Map – Trade Scenarios

⚡ Quick Boarding (SELL – Daily Priority)
Entry 1: 3654 – 3660
SL: 3668
TP: 3654 → 3650 → 3618 → 3610

Entry 2 – ATH Test: 3701 – 3703
SL: 3711
TP: 3688 → 3675 → 3665 → 365x

✅ Golden Harbor (BUY – Only at deep support)
Buy Zone: 3601 – 3603
SL: 3592
TP: 3610 → 3620 → 3630

⚓ Captain’s Note

“The golden ship faces turbulent seas today as it sails near Storm Breaker 🌊 (3654 – 3660). Before the fierce winds called US PPI, sailors should prioritize dropping anchor with short-term SELL positions at resistance. Golden Harbor 🏝️ (3601 – 3603) remains a safe haven below, but only when the ship corrects deeply should it dock. On this voyage, Quick Boarding 🚤 is for scalp maneuvers, while the main current is still steered by the stormy waves of inflation.”

Sep 10

Trade active

🔥 Today’s Update 🔥

Sell scalping zone 3654 – 3660

Entry at 3657 then dropped to 3642 ✅ secured over +150 pips

Currently, PPI news has been released. For those who missed this setup:
📌 Next plan:

If price breaks out above the previous ATH 3674 → look for sells higher

If price drops → look for buys lower

👉 A perfect sell setup, catching the top smoothly for +150 pips!

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