Gold quickly recovers its strength after the sharp decline. I saw that prices dropped to $4,877 last week, but now they are rising and approaching $5,000. Buyers are entering after heavy selling, and the US dollar is weakening slightly due to expectations of a rate cut from the Federal Reserve.

The important thing now is the US inflation data that everyone is waiting for. With the positive jobs report on Wednesday, rate cut bets were reduced, but Thursday’s unemployment data was weaker than expected, supporting demand for gold as a safe haven. The market is experiencing some uncertainty – the US dollar is moving within a narrow range, and traders are waiting for clear signals.

From a technical perspective, the situation is mixed. The MACD indicator has started to rise, and the RSI, after being in the oversold area, is still below 50, meaning the upside may be limited. If the MACD falls below zero again, we might see another downward pressure on the US dollar and gold. Serious traders are moving cautiously – some are waiting for the CPI report before entering new bets.