#gold #firstmininggold #preciousmetals #bullmarket #correction #summerrally #pullback #triangle #patience #NFP #FF #FFMG

Gold remains in a significant pullback from its summer peak and the Jackson Hole event, with most of the impressive summer rally now retraced. Bears are in control.

Today’s NFP release is likely to trigger volatile, whipsawing price action. So far, Monday’s sell-off appears to be consolidating in a triangle formation, typically a continuation pattern. This suggests that further downside may have a higher probability, but it would be prudent to avoid taking a directional view before NFP is released. The trade comes after the event!

https://floriangrummes.substack.com/p/gold-daily-call-for-october-2nd-2026