GOLD - The Hunt for Liquidity (Correction) Before the Drop Gold vs US DollarICMARKETS:XAUUSDRLindaXAUUSD has paused its decline but remains under pressure. Market stagnation could trigger a rebound before another move lower. The key events are the Trump–Xi meeting, oil price dynamics, and Treasury yields. The fundamental backdrop for gold remains weak. The market could form a correction amid the meeting between the U.S. and Chinese presidents, but the medium-term tone for the metal remains bearish, driven by a strong dollar and rising oil prices. The dollar and major indices are temporarily correcting, which could allow gold to rebound toward the 4,322–4,333 liquidity zone before continuing lower toward 4,230–4,200. Drivers: Downside: rising oil prices and yields, dollar strength, hawkish Fed, escalation in the Middle East. Upside: falling oil prices and yields, softer U.S. data, progress in trade negotiations, de-escalation. Resistance levels: 4300, 4322 Support levels: 4275, 4250, 4200 Technically, the market remains in a medium-term bearish trend amid the weak fundamental backdrop. Against the backdrop of the upcoming news, gold could retest the 4,320 liquidity zone, while a short squeeze could in turn trigger further downside. A close below 4,275 would also increase selling pressure, which could lead to further downside toward 4,200. Best regards, R. Linda!