GOLD - Correction and retest of the 4460 resistance levelGold vs US DollarICMARKETS:XAUUSDRLindaXAUUSD continues its rebound after the false breakdown of the 4,300 support level. The fundamental backdrop remains mixed, but selling pressure is still present The dollar is stagnating, potentially due to intervention from the Bank of Japan. The correction in the Dollar Index is giving gold room to recover. The key event is Friday’s NFP report. A weak report could support a further recovery in gold, while a strong report could bring selling pressure back. The 4,460 level remains the nearest resistance, with 4,300 acting as support. Drivers: Upside: weak NFP data on Friday, further dollar weakness, lower yields, technical rebound. Downside: strong NFP data, hawkish Fed rhetoric, stronger dollar, renewed rise in oil prices Resistance levels: 4,466, 4,480 Support levels: 4,300 The long squeeze of the 4,300 support zone has triggered a rebound, which has developed into a stronger move amid the dollar correction. Ahead lies the 4,466–4,480 resistance zone. A short squeeze in this area could trigger a downside pullback, potentially pushing gold back into the range ahead of the NFP release. The retest of this resistance zone and the market’s reaction to it will help determine the medium-term direction Best regards, R. Linda.