This week, the market presented its final relevant data, leaving gold in a robust and bullish position. The decision to keep interest rates flat, paired with Powell’s mixed signals during his remarks, has created uncertainty around the US dollar’s short-term trajectory. With these factors at play, the outlook for the dollar remains dim in the immediate term, and all eyes are now on next week’s critical GDP data and unemployment claims for further direction.

For traders, this environment demands strategic positioning. Ensuring efficient use of margin becomes essential to withstand potentially large price movements and avoid unnecessary liquidation risk. While gold maintains a bullish outlook supported by strong technical analysis (TA) and favorable fundamentals, traders should remain agile as the market offers opportunities on both sides of the chart.

Ultimately, capitalizing on this period requires a balanced approach that navigates the bullish case for gold while recognizing the volatility and dynamics presented by broader macroeconomic conditions.