Gold 3h after Oct 14 CPI: ~4,083 – prefer longs at 4,075–4,085
Bias: 🔻 Bearish
🔴 SELL zone 4,102–4,115 (on a bounce / if lower timeframes flip bullish) | SL 4,125 | TP 4,094 → 4,083
🟢 BUY zone 4,075–4,085 | SL 4,065 | TP 4,102 → 4,115
⚠️ Key risk: 3h after hot CPI – price retesting the 4,075–4,085 buy (~4,083); 1h bounce tagged the short zone then sold
💲 ✅ 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).
- The tape: print-bar low 4,135 → 30m after ~4,109 → 1h bounce ~4,124 → 3h ~4,112; spot ~4,083 (gold-api), CNBC ~$4,086 (−1.7%).
- Why: DXY ~102.21 → ~102.83; ^TNX ~5.19 → ~5.32; October hike odds ~54% (from ~22%) – CNBC.
- Levels: buy 4,075–4,085 (testing); sell bounce 4,102–4,115; support 4,070 → 4,060.
- Risk: counter-trend vs a bearish daily – size small; next red PPI Oct 15 and 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.