XAUUSD: Key US May Non-Farm Payrolls GOLD / US DOLLARPYTH:XAUUSDMiles_traderKey US May Non-Farm Payrolls (estimated job gains: 85,000; unemployment rate: 4.3%) due today will dictate the short-term market direction. US-Iran negotiations resume this weekend; fluctuating Middle East geopolitics generates intermittent safe-haven bids to underpin gold. Persistent gold buying from global central banks provides medium-term downside support. Daily timeframe: The asset closed an upper-shadow bullish candle and holds above the 200-period moving average at 4427, a robust support level. RSI at 45 signals muted bullish momentum, and slightly negative MACD readings point to heavy overhead selling pressure. Trading Strategy: Buy 4425 - 4430 SL 4422 TP 4485 - 4495 - 4505 Sell 4498 - 4503 SL 4509 TP 4458 - 4445 - 4435