Hello traders everyone! Yesterday, we made a profit of 1,800 points. It was quite a tough day, but definitely worth it—I almost ended up talking to the mango tree roots!
For today’s trading plan, I’m leaning towards a Buy bias. From the Time Frame analysis, there’s an FVG zone around 2,620–2,637. I expect the price to move up to close that zone first before pulling back.
So, here’s the summary of today’s trading plan:
Gold Price Signal \[XAUUSD] for October 10, 2024
Buy Limit = 2609-2611
TP 1 = 2615 (300-500 จุด)
TP 2 = 2620 (800-1000 จุด)
TP 3 = 2625 (1300-1500 จุด)
TP 4 = 2630 (1800-2000 จุด)
SL = 2605 (400-600 จุด)
Key Factor to Watch: Core CPI / CPI Report
The Core CPI (Consumer Price Index) and CPI report released on October 10, 2024, are crucial economic indicators that investors and traders should closely monitor. These figures significantly influence the direction of monetary policy and the movement of global financial markets, especially in the forex and gold markets.
CPI (Consumer Price Index): The Consumer Price Index measures the change in prices of goods and services at the consumer level. It reflects inflation in the economy. If the figure comes out higher than expected, it may indicate rising inflation, prompting the Federal Reserve (Fed) to consider raising interest rates to control it.
Core CPI: Core CPI is similar to the regular CPI but excludes food and energy prices, which are highly volatile. As a result, Core CPI serves as a more accurate indicator of the underlying trend in inflation.
Traders should carefully consider the impact of this figure, as market movements can become highly volatile in response to the news. Additionally, it’s important to monitor the central bank’s stance and statements from the Fed to assess long-term trends.
![Picture of [ADMIN] Rungthip Nin](https://secure.gravatar.com/avatar/99b14683183153f991a9a50a45ed43a697afe41f0b69a6474dd68401ff59b84f?s=96&d=mm&r=g)
