The key event ahead ... dari Mr.Yang

The key event ahead is Friday’s Non-Farm Payrolls (NFP) report. Geopolitical developments continue to play a decisive role. Technically, within both the global and local downtrend, gold is consolidating inside the 4425–4550 range. Due to the uncertainty factor, the market has entered a corrective phase and a liquidity-hunting stage, during which it may test either 4496 or 4540 before resuming its decline. Resistance levels: 4496, 4540, 4589 Support levels: 4456, 4425, 4400.

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#GOLD Gold continues to trade within the 3960–4100 range. A short squeeze recently triggered another decline and the formation of local support at 4028. However, the market is once again moving to retest resistance. Both the global and local trends remain bearish. If sellers keep the price below the 4095–4121 resistance zone, gold could extend its decline within the range toward 4028 and potentially 3960. At the same time, an aggressive liquidity hunt cannot be ruled out.In that scenario, 4200

Mr.Yang

#GOLD The U.S. dollar remains strong within the current consolidation above 99.0. The uncertainty factor continues to favor the DXY, while elevated oil prices provide additional support. Gold remains under pressure, but a short squeeze of the liquidity zone may occur before the next leg lower. Technically, the retest of the 4450 (4447) support level ended with a long squeeze (triggered by Trump's tweet). Gold may now form a 0.5%–0.61% corrective move within the primary impulse and retest key

Mr.Yang

#XAU/USD#Gold Technical Analysis Resistance levels: 4,368, 4,400 Support level: 4,300 At the end of the trading session, the market began a correction that may extend toward the highlighted areas of interest at 4,368–4,400. A short squeeze could trigger a continuation of the decline toward the key daily level and liquidity zone at 4,300 📈 Gold Trading Strategy

Mr.Yang