The short-term momentum is bearish. The key question is whether this is a healthy correction within a longer-term uptrend or the start of a deeper decline.
Key factors to monitor for the next direction:
1. U.S. Inflation Data (CPI - Tomorrow, 12 Oct): This is the biggest event risk. A hotter-than-expected inflation print will reinforce hawkish Fed expectations, boosting the dollar and pressuring gold further. A cooler print could trigger a sharp relief rally in gold.
2. FOMC Meeting Minutes (Released next week): The minutes from the September meeting will be scrutinized for clues on the Fed's future rate path.
3. U.S. Dollar Dynamics: Keep a close eye on the DXY. Any sign of a dollar top could be the catalyst for gold to find a bottom.
4. Geopolitical News: Any significant escalation in global tensions could quickly revive gold's safe-haven appeal.
Bottom Line: The breakout below key support has shifted the short-term advantage to the sellers. Traders should adopt a cautious approach, waiting for either a confirmed breakdown below $1,848 or a strong recovery back above $1,875 before committing to a new directional bias. All eyes are on the U.S. CPI data tomorrow.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before trading.
Dieditkan 10 Oct 2025, 13:52
Penafian: Pandangan yang dinyatakan adalah semata-mata dari pengarang dan tidak mewakili kedudukan rasmi Followme. Followme tidak bertanggungjawab ke atas ketepatan, kesempurnaan, atau kebolehpercayaan maklumat yang diberikan dan tidak bertanggungjawab untuk sebarang tindakan yang diambil berdasarkan kandungan, melainkan dinyatakan secara bertulis secara jelas.
Tiada komen lama, mula komen sekarang