XAUUSD

The FOMC and the critical interest rate decision (May 7) will be prominent in the U.S. If U.S. data weakens and geopolitical risks continue, demand and price increases for gold may be observed. Strong U.S. data could pressure gold in the short term as it supports the dollar; however, the market still maintains its search for safe havens. Given the ongoing positive technical outlook, it is deemed appropriate to evaluate positions in the buying direction.