XAU/USD : CPI is Coming, More Bullish Move ? (READ THE CAPTION)

Oct 10

By analyzing the Gold chart on the 1-hour timeframe, we can see that after entering the desired demand zone, the price started to rise and is currently trading around $2,617. Considering that the US CPI data will be released today and I expect the actual value to be equal to or lower than the forecasted rate, I anticipate an upward movement in price to fill the liquidity void mentioned in the previous analysis. Based on the previous analysis, the key supply zones remain as follows: $2,625, $2,636.6, $2,646, and $2,655 to $2,660. I hope you make the most out of this analysis!

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

Oct 10

Trade active

📊 US CPI Release Shakes Up the Gold Market! 📉💥

The latest US CPI data came in higher than expected, with the Core CPI at 0.3% (vs. forecasted 0.2%) and CPI y/y at 2.4% (vs. 2.3%). This unexpected increase led to significant volatility in the Gold market. 🔥

💡 What Happened? Immediately after the CPI release, Gold saw a sharp spike and heavy fluctuations, triggering a stop hunt on both sides of the market. Both buyers and sellers were caught off-guard as the price moved rapidly to clear liquidity before settling back into a range.

• Buyers who entered in anticipation of a lower CPI were stopped out as the higher-than-expected data strengthened the USD, causing Gold to drop.

• On the other hand, Sellers who jumped in after the initial drop saw their positions hit as the price spiked back up, clearing liquidity around the $2,620 level.

🚀 Key Takeaway: Today’s price action is a clear reminder of how important it is to be cautious around high-impact news events. The CPI data not only affected Gold but also shook up other financial markets. We could see continued volatility, so keep an eye on the charts and be mindful of key levels!

Arman Shaban

Oct 11

Trade closed: target reached

By analyzing the #Gold chart on the 1-hour timeframe, we can see that after experiencing a stop hunt below the $2,605 level yesterday, the price rebounded and rose to $2,647. As previously mentioned, the $2,646 level was a key supply zone, which is why Gold showed a negative reaction upon reaching this level. Currently, the price is trading around $2,640. The total return on this analysis so far has been over 400 pips! If the price stabilizes below $2,646, we could expect further corrections; however, my main outlook remains bullish for now.