The CPI (Consumer Price Index) report is an important economic indicator that measures changes in the average prices of a basket of goods and services commonly purchased by households. It provides insight into inflationary trends and helps assess the purchasing power of consumers. The CPI report is released at regular intervals by government statistical agencies, and it compares current price levels to a base period. By monitoring the CPI report, policymakers, economists, and traders can gain valuable insights into the state of the economy and make informed decisions regarding monetary and fiscal policies, as well as investment strategies.

The Federal Reserve (the "Fed") considers the CPI report as a crucial tool for adjusting its monetary policy. By monitoring the CPI report, which provides insights into inflationary trends, the Fed can assess whether the current levels of inflation align with its desired target. If the CPI report indicates that inflation is rising above the target rate set by the Fed, it may prompt the central bank to implement contractionary monetary policy measures. Conversely, if the CPI report suggests that inflation is below the desired target or the economy is experiencing deflationary pressures, the Fed may adopt expansionary monetary policy. 

Today, the CPI report is scheduled to be released at approximately 8.30 pm Malaysian time. Given the report's importance, it is expected to trigger substantial fluctuations in commodity prices. In order to take advantage of these anticipated fluctuations and potentially generate profits, we can consider implementing stop-limit orders.

Here are the steps I normally use to set up the stop-limit orders, using XAUUSD pair:

1. Identify recent resistance and support levels on that day. From the example above, the resistance level is at 1,923.93  and the support level is at 1914.07.
2. Place a BUY stop-limit order at the resistance level and a SELL stop-limit order at the support level. 
3. Set to take profit at around 80 pips (for conservative traders, you can set it at 50 pips, and for more risk takers, you can set it at 100 pips or more).
4. Wait for either one of the orders to be fulfilled around 8.45 pm as the market reflects the sentiments of the CPI report.

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