How to trade XAUUSD Accurately in May 20204
Best Top Most Accurate Spot GOLD Analysis Price projection & Analysis by Piyush Ratnu
Best Top Most Accurate Spot GOLD Analysis Price projection & Analysis by Piyush Ratnu
Key Economic Data This Week:
Tuesday, April 30, 2024

Wednesday, May 1, 2024
All Day Holiday China – Labor Day
16:15 USD ADP Nonfarm Employment Change (Apr) 179K 184K
17:45 USD S&P Global US Manufacturing PMI (Apr) 49.9 51.9
18:00 USD Construction Spending (MoM) (Mar) 0.3% -0.3%
18:00 USD ISM Manufacturing Employment (Apr) 47.4
18:00 USD ISM Manufacturing PMI (Apr) 50.1 50.3
18:00 USD ISM Manufacturing Prices (Apr) 55.6 55.8
18:00 USD JOLTs Job Openings (Mar) 8.680M 8.756M

22:00 USD FOMC Statement
22:00 USD Fed Interest Rate Decision 5.50% 5.50%
22:30 USD FOMC Press Conference
Thursday, May 2, 2024
All Day Holiday China – Labor Day

16:30 USD Continuing Jobless Claims 1,781K
16:30 USD Exports 263.00B
16:30 USD Imports 331.90B
16:30 USD Initial Jobless Claims 212K 207K
16:30 USD Nonfarm Productivity (QoQ) (Q1) 0.8% 3.2%
16:30 USD Trade Balance (Mar) -69.30B -68.90B
16:30 USD Unit Labor Costs (QoQ) (Q1) 3.2% 0.4%
18:00 USD Factory Orders (MoM) (Mar) 1.6% 1.4%
Friday, May 3, 2024
All Day Holiday China – Labor Day
All Day Holiday China – Labor Day
All Day Holiday Japan – Constitution Day
16:30 USD Average Hourly Earnings (MoM) (Apr) 0.3% 0.3%
16:30 USD Average Hourly Earnings (YoY) (YoY) (Apr) 4.1%

16:30 USD Participation Rate (Apr) 62.7%
16:30 USD Private Nonfarm Payrolls (Apr) 180K 232K
16:30 USD U6 Unemployment Rate (Apr) 7.3%
16:30 USD Unemployment Rate (Apr) 3.8% 3.8%
17:45 USD S&P Global Composite PMI (Apr) 50.9 52.1
17:45 USD S&P Global Services PMI (Apr) 50.9 51.7
18:00 USD ISM Non-Manufacturing Employment (Apr) 48.5
Kindly note:
Lower volumes due to holidays in China and Japan might trigger high volatility price action, hence kindly implement risk management strictly, do not risk more than 5% of your principal till Wednesday 08 May, 2024. Avoid martingale, maintain price gaps and prefer to exit in each set of trade in NAP.
XAUUSD: Crucial Price Zones: Next 10 Trading Days


As usual, I will BUY lows at my target BZ and will SELL highs at my target SZ.
