#GOLD
Downside: a stronger dollar, hawkish Fed expectations, persistent geopolitical uncertainty, Strong PMI data.
Upside: progress in negotiations, a dovish Fed signal, weak PMI data, Profit-taking on long dollar positions.
Resistance levels: 4170, 4210
Support levels: 4123, 4050
A retest of trading range support is developing.The market is testing 4123 within the current distribution phase, and there is a high probability of a corrective move toward the liqudity zone before another decline.
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