GOLD - A short squeeze could trigger a declineGold vs US DollarIC:XAUUSDRLindaXAUUSD on Friday attempted to strengthen within a strong downtrend supported by an unstable fundamental backdrop. However, the rise was stopped... The correction in the market began after Warsh's remarks about uncertainty regarding his actions, which was interpreted as a signal for a pause rather than a rate hike. However, the dollar remains strong (bouncing from support), while aggressive oil growth and a weak fundamental backdrop are holding back gold. Escalation of the conflict in the Middle East could increase pressure on the precious metals market. Technically, MMs may form a short squeeze of the resistance zone before a decline toward the support of the current range: 4100–4000. The medium-term bearish trend remains. Resistance levels: 4200, 4220 Support levels: 4155, 4100, 4066 A retest of the trend resistance or the 4200–4220 cluster, as well as a close below 4155, could trigger a further decline toward the support zone: 4100–4066. Best regards, R. Linda!