Gold on Edge – Will NFP Trigger the Next Big Move?

🚨 Gold at a Crossroads – Will NFP & White House Comments Trigger a Volatility Spike? ⚡
🧭 Macro Overview
Gold enters the US session with a mild rebound after a sharp selloff, following its historic climb to $3,500/oz. The recent drop was driven less by fundamentals and more by aggressive profit-taking, especially from retail flows in Asia, notably China.

Rather than a trend reversal, this correction looks like a healthy technical reset, just ahead of two major catalysts:

1️⃣ US Non-Farm Payrolls (May edition)
2️⃣ White House remarks on tariffs and trade strategy

These two factors will likely define gold’s direction heading into next week — either toward deeper support zones or a potential recovery rally into resistance.

📊 DXY & Macro Market Lens
The US Dollar Index (DXY) has bounced off its base near 98.xx, currently testing the 100.00 level. Whether the dollar strengthens further depends largely on today’s labour data and fiscal signals from Washington.

Traders should remain tactically neutral, relying on intraday timeframes like H1/H2 and respecting key price structure.

🔺 Key Resistance Levels
3,260
3,275
3,285
3,312

🔻 Key Support Levels
3,244
3,230
3,215
3,200

🎯 Trade Plan – Friday 3rd May, 2025
🔵 BUY ZONE A:
Entry: 3,232 – 3,230
SL: 3,226
TP: 3,236 → 3,240 → 3,244 → 3,248 → 3,252 → 3,256 → 3,260

🔵 BUY ZONE B:
Entry: 3,214 – 3,212
SL: 3,208
TP: 3,218 → 3,222 → 3,226 → 3,230 → 3,235 → 3,240

🔴 SELL ZONE:
Entry: 3,276 – 3,278
SL: 3,282
TP: 3,272 → 3,268 → 3,264 → 3,260 → 3,250

⚠️ Final Notes
Volatility may spike sharply during the NY session as NFP and political news collide.

This is the kind of session where traders can either capitalize massively or get caught offside — stay disciplined.

Avoid emotional entries — let price come to you, wait for confirmation, and stick to your TP/SL.

📣 Conclusion
We’re likely in a calm-before-the-storm scenario. Gold hasn’t made its real move yet — but when it does, it’ll be swift.

Prepare. Execute. Protect your capital.