Hello, traders! Yesterday we made a profit of 1,800 points! It was quite tiring, but worth it – we almost hit rock bottom! For today's trading plan, I see a buy trend. Analyzing the timeframe, we see a FVG zone around 2,620-2,637, which I believe the price will likely close before adjusting downwards. Therefore, the trading plan for today can be summarized as follows:
Gold price signal [XAUUSD] for October 10, 2024.
Buy Limit = 2609-2611 TP 1 = 2615 (300-500 points) TP 2 = 2620 (800-1000 points) TP 3 = 2625 (1300-1500 points) TP 4 = 2630 (1800-2000 points) SL = 2605 (400-600 points)
Factors to watch: Core CPI/CPI news reports.
report Core CPI (Consumer Price Index) and CPI October 10, 2024, is a crucial date that investors and traders should closely monitor, as these figures will influence monetary policy direction and the movements of global financial markets, particularly the forex and gold markets.
- CPIThe Consumer Price Index (CPI) measures changes in the prices of goods and services at the consumer level, reflecting inflation in the economy. If the figure is higher than expected, it may indicate rising inflation, and the Federal Reserve (Fed) may consider raising interest rates to control inflation.
- Core CPIThe core consumer price index (Core CPI) is similar to the CPI but excludes energy and food prices, which are highly volatile. This makes the Core CPI a more accurate indicator of true inflation trends.
Traders should carefully consider the impact of this figure, as market movements can fluctuate rapidly in response to news. They should also monitor central bank stances and Fed statements to assess long-term trends.
![Picture of [ADMIN] `SENSEI~](https://besight.net/wp-content/uploads/nsl_avatars/5207db5a26b7923a9ca36d3712820771-150x150.jpg)
