GOLD
The $4,300 level is becoming key support
Drivers:
Downside: rising yields and a stronger dollar, hawkish Fed expectations, conflict escalation supporting oil and the dollar.
Upside: weak employment data, lower yields and a weaker dollar, easing rate expectations
After the strong sell-off, gold could enter a corrective phase. A close above 4,330 could trigger a rebound toward 4,375–4,396.
A short squeeze of the resistance zone could then trigger another decline toward 4,330–4,328–4,230.
#XAU/USD#
Mr.Yang