US July employment data came in softer than expected, reigniting expectations that the Federal Reserve may pause rate hikes. Weak jobs prints typically weigh on USD as traders price in a dovish pivot. USD/JPY and EUR/USD will be the primary pairs to watch as risk sentiment shifts and carry unwinds accelerate.
If losses never occurred, everybody would be profitable, but profitability requires stages and lessons. Just as before, someone can be employed only after passing through phases and stages, such as school and university.
Now GOLD is at 993,000.00, so we need a confirmation, and it needs to take place between 993,000.00 and 988,000.00 before we can enter the trade for a buy /long