Gold after Oct 14 CPI: sharp drop, prefer longs at 4,070–4,082
Bias: 🔻 Bearish
🔴 SELL zone 4,102–4,115 (on a bounce / if lower timeframes flip bullish) | SL 4,125 | TP 4,085 → 4,076
🟢 BUY zone 4,070–4,082 | SL 4,060 | TP 4,102 → 4,115
⚠️ Key risk: Hot CPI printed (3.7% y/y · core +0.3% m/m) – price sliced Long 1–2; prefer the new low buy, take profits quickly
💲 ✅ Spot XAU/USD prices
More details
🧭 Plan & scenarios
- The data: CPI +0.6% m/m (in line) / 3.7% y/y (hot vs 3.6%); core +0.3% / 2.6% (BLS) – hot scenario played out.
- The tape: sliced Long 1 (4,135–4,146) then Long 2 (4,102–4,115); print-bar low 4,135 → 30m ~4,109; spot ~4,083–4,086 (CNBC).
- Why: DXY ~102.21 → ~102.83; ^TNX ~5.19 → ~5.32 – dollar and yields jumped on the hot print (CNBC).
- Levels: buy 4,070–4,082, sell bounce 4,102–4,115; support 4,060 → 4,040.
- Risk: counter-trend vs a bearish daily – size small; PPI Oct 15 8:30 AM ET, Warsh Oct 16.
💡 Our take
Trade the plan, not the noise.
Technical analysis for educational purposes only – not investment advice.
⚠ For information and education only – not investment advice. Trading gold and CFDs carries a high risk of loss.