Comments on gold price and CPI today

15 Jan

Comment:

Gold prices have recovered from their lows this week as weak US PPI data boosted expectations of a Fed rate cut.

Meanwhile, potential tariffs proposed by Trump could weigh on inflation dynamics, weighing on gold prices and market sentiment.

The rebound was driven by hopes of a looser monetary policy, with attention shifting to the CPI report later today. A weaker CPI reading could further bolster the case for a rate cut.

Market sentiment and inflation:

Gold is often seen as a safe-haven asset and a hedge against inflation. If CPI declines significantly, this could reduce demand for gold as a hedge against inflation. However, if CPI declines are accompanied by signs of economic uncertainty, gold prices could still rise due to safe-haven sentiment.

Synthetic:

• If CPI declines amid a healthy economy and a stronger US dollar, gold prices could fall.

• If CPI falls along with expectations of Fed easing or concerns about a weakening economy, gold prices could rise.

Set Gold price range:

Buy Gold Range: $2647 - $2645 SL: $2640
TP1: $2652
TP2: $2657
TP3: $2662

Sell Gold Range: $2685 - $2687 SL $2691 ( European sessions )
TP1: $2680
TP2: $2676
TP3: $2670

Sell Gold Range: $2697 - $2699 SL $2704
TP1: $2692
TP2: $2687
TP3: $2680

16 Jan

Trading ditutup: stop tercapai

update results

16 Jan

Catatan

Hit + 40 pips