XAUUUSD -1 CPIGoldOANDA:XAUUSDX_GoldenBoy_XHi, 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 🔍 This week brings several key economic releases. Tomorrow, July 14, the main focus will be on the CPI, followed by the PPI on July 15 and Initial Jobless Claims on Thursday. The primary market driver will be tomorrow's CPI report. Meanwhile, the conflict continues to evolve. The United States has reportedly struck Iran for the third time this week. Market volatility will largely depend on Iran's response. If Iran launches further attacks on neighboring countries, U.S. Treasury yields and oil prices could rise sharply, putting additional downward pressure on gold. At the same time, markets will continue to react to the escalating conflict in the Middle East, which is increasing geopolitical uncertainty. That said, "higher oil prices = lower gold prices" is not a fixed rule. In the short term, this can happen because higher oil prices may push Treasury yields and the U.S. dollar higher, weighing on gold. However, in other situations, heightened geopolitical risk can also boost demand for gold as a safe-haven asset, supporting its price. 🔔 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