Hi, I'm Maicol, an Italian trader.
I've been studying Gold since 2019.
My trading approach focuses on swing trading and intraday setups.
I need your support.
Please leave a like and follow my profile.
It may seem like a small gesture, but it makes a big difference to my work.
Make sure to read the full description to understand today's trading plan.
Don't focus only on the chart. Thank you.
🌞 GOOD MORNING EVERYONE 🌞
🔍 Gold Price Action 🔍
The NFP data removed the certainty of a September rate hike, but not the possibility. Warsh is unlikely to abandon the fight against inflation based on a single jobs report, especially with Core PCE still running at 3.4%.
Although real yields have eased slightly, they remain above 2%.
June NFP came in at 57,000 jobs, less than half the 110,000 consensus and the weakest reading in four months. In addition, previous months were revised sharply lower:
* May: 129,000 (from 172,000)
* April: 148,000 (from 179,000)
More importantly, the unemployment rate fell to 4.2% because the labor force participation rate dropped to 61.5%—its lowest level since March 2021—not because of stronger job creation.
For now, I'm watching the afternoon session from 14:00 onward.
Ideally, I'd like to see price sweep the Asian session low and fill the daily imbalance.
I would prefer price not to trade below Thursday's NFP zone at 4,130–4,110, now that the macro backdrop has shifted following the NFP release.
Bias: Neutral, cautiously bullish.
🔔 Turn on notifications so you don't miss any updates!
📬 If you have any questions, feel free to message me. I'll be happy to help.
🔍 Reminder 🔍
I avoid trading during the Asian and London sessions.
My main focus is on the high-impact news releases at 8:30 AM ET and the New York session open at 9:30 AM ET.
In the meantime, I wish everyone a great day.
HAPPY TRADING
MANAGE YOUR RISK
BE PATIENT
I've been studying Gold since 2019.
My trading approach focuses on swing trading and intraday setups.
I need your support.
Please leave a like and follow my profile.
It may seem like a small gesture, but it makes a big difference to my work.
Make sure to read the full description to understand today's trading plan.
Don't focus only on the chart. Thank you.
🌞 GOOD MORNING EVERYONE 🌞
🔍 Gold Price Action 🔍
The NFP data removed the certainty of a September rate hike, but not the possibility. Warsh is unlikely to abandon the fight against inflation based on a single jobs report, especially with Core PCE still running at 3.4%.
Although real yields have eased slightly, they remain above 2%.
June NFP came in at 57,000 jobs, less than half the 110,000 consensus and the weakest reading in four months. In addition, previous months were revised sharply lower:
* May: 129,000 (from 172,000)
* April: 148,000 (from 179,000)
More importantly, the unemployment rate fell to 4.2% because the labor force participation rate dropped to 61.5%—its lowest level since March 2021—not because of stronger job creation.
For now, I'm watching the afternoon session from 14:00 onward.
Ideally, I'd like to see price sweep the Asian session low and fill the daily imbalance.
I would prefer price not to trade below Thursday's NFP zone at 4,130–4,110, now that the macro backdrop has shifted following the NFP release.
Bias: Neutral, cautiously bullish.
🔔 Turn on notifications so you don't miss any updates!
📬 If you have any questions, feel free to message me. I'll be happy to help.
🔍 Reminder 🔍
I avoid trading during the Asian and London sessions.
My main focus is on the high-impact news releases at 8:30 AM ET and the New York session open at 9:30 AM ET.
In the meantime, I wish everyone a great day.
HAPPY TRADING
MANAGE YOUR RISK
BE PATIENT
TELEGRAM: t.me/+L2Q2beyDgt84OWI0
TWITCH LIVE SESSION: twitch.tv/goldenboy_maicol
YOUTUBE: youtube.com/@GoldenBoySTrading
TIKTOK: tiktok.com/@maicol_goldenboys
TWITCH LIVE SESSION: twitch.tv/goldenboy_maicol
YOUTUBE: youtube.com/@GoldenBoySTrading
TIKTOK: tiktok.com/@maicol_goldenboys
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
TELEGRAM: t.me/+L2Q2beyDgt84OWI0
TWITCH LIVE SESSION: twitch.tv/goldenboy_maicol
YOUTUBE: youtube.com/@GoldenBoySTrading
TIKTOK: tiktok.com/@maicol_goldenboys
TWITCH LIVE SESSION: twitch.tv/goldenboy_maicol
YOUTUBE: youtube.com/@GoldenBoySTrading
TIKTOK: tiktok.com/@maicol_goldenboys
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.