Gold Price Analysis on NFP Day | Insights & Predictions 02-05-2025

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πŸ“Š XAUUSD – NFP Day Strategy | 02-May-2025

Current Trend: Volatile | Technical Bias: Mixed | Sentiment: Cautious ahead of NFP

πŸ”»πŸ”Ί Daily Trade Setup

πŸ”΄ Sell Zones: β€£ $3,310 β†’ $3,330 β†’ $3,360 β†’ $3,380 β†’ $3,400

🟒 Buy Zones: β€£ $3,210 β†’ $3,180 β†’ $3,150 β†’ $3,120 β†’ $3,100

🎯 Exit Strategy: Book $10–15 per trade. Reduce lot size in volatile spikes.

πŸ“… Weekly Range Outlook

Major Selling Zones: $3,340 β†’ $3,390 β†’ $3,445 β†’ $3,500
Major Buying Zones: $3,200 β†’ $3,150 β†’ $3,100 β†’ $3,050

🎯 Weekly Exit Strategy: Book $20–30 per trade. Prioritize risk management.

πŸ•“ 2-Week Trading Structure

Buying Levels: $3,150 β†’ $3,100 β†’ $3,050 β†’ $3,000
Selling Levels: $3,450 β†’ $3,500 β†’ $3,550 β†’ $3,600

βœ… Trading Plan – Buy on Dips | Sell on Reversals

🟒 For Rebound Trades:

Buy Entry Range: $3,210 β†’ $3,190 β†’ $3,170

Targets: TP1: $3,240 β†’ TP2: $3,265 β†’ TP3: $3,310 β†’ TP4: $3,336

πŸ”΄ For Downtrend Continuation:

Sell Entry Range: $3,280 β†’ $3,310 β†’ $3,340

Targets: TP1: $3,260 β†’ TP2: $3,240 β†’ TP3: $3,200 β†’ TP4: $3,170

Gold Analysis Today

πŸ“ˆ Technical Indicators Snapshot

Indicator Status
D1 SMA 100: Buy ($3,050.52)πŸ”Ί
D1 SMA 200: Buy ($2,980.78)πŸ”Ί
H4 SMA 100 / 200: Buy ($3,226.22 / $3,176.26)πŸ”Ί
H1 SMA 100 / 200: Sell ($3,284.07 / $3,317.20)πŸ”»

RSI(14): Status: Sell
STOCHRSI(14): Status: Buy
Stoch(9.6):Status: Sell
MACD(12,26):Status: Sell
ROC: Status: Status: Buy
William%R: Status: Neutral
High/Low: Status: Neutral
ATR(14): Status: Less Volatility
MACD / ADX / STOCH Mixed to Sell
Overall Sentiment:Cautiously Bullish

πŸ“Œ Key Insights & Guidance

NFP volatility could drive sharp whipsawsβ€”tighten SLs & adapt position sizing.

Monitor NFP jobs + wage growth and revisions to March figures.

Past zones have delivered profitβ€”trade levels remain highly relevant.

πŸ“Š U.S. NFP Preview – May 2, 2025
Jobs Data in Focus Amid Trade War Tensions

🚨 Trump’s 145% China Tariffs + Levies on Canada & Mexico Markets on edge ahead of key U.S. labor data release.

πŸ“‰ Forecast

  • New Jobs: 133K (vs. 228K prior)
  • Unemployment: 4.2%
  • Wage Growth: +0.3% MoM / +3.9% YoY

πŸ“Œ Key Indicators

  • ADP: 62K (↓ sharply)
  • Jobless Claims: 241K (highest since Aug ’23)
  • ISM Employment: 46.5 (still contraction)

πŸ’΅ Dollar Outlook

  • Fed: No rate cuts until July (Hawkish)
  • BoE: 100 bps cuts expected May 8 (Dovish)

🟑 Gold Market Outlook – XAU/USD at $3,255

  • Recovering from 2-week low of $3,200
  • Pattern: Cup & Handle forming β†’ Breakout above $3,262 targets $3,295+
  • Risk Drivers:
    – Tariff tension
    – Fed cut expectations
    – USD softness

πŸ“Œ Watch Levels:

  • Support: $3,200 β†’ $3,180 β†’ $3160 ( Opens gate for $3100)
  • Resistance: $3,262 β†’ $3,295 β†’ $3,360 ( Open gate for $3450 again)
  • Gold Reaction:
    – πŸ”½ Strong NFP β†’ $3,180 Test
    – πŸ”Ό Weak NFP β†’ +$50-$80+ rally likely

πŸ“ NFP = Volatility. Stay Ready. Follow Strategy.

πŸ”” Conclusion: Stay flexible. Let the data guide direction. We’re prepared for both breakout and correction scenarios. As always, protect capital first β€” opportunity follows discipline.

⚠️Warning : Do Not Risk more than 5% of your Capital, Trading in XAUUSD and Other financial instruments may result in substantial losses.

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