#GOLD
Review of yesterday’s recommendation:
Gold reacted perfectly to the 4,435 resistance level, bounced lower, and tested the 4,400–4,381 support zone. A liquidity pool is located in the 4,390–4,380 area. Accordingly, a long squeeze below this zone could trigger a rebound back toward 4,435
However, the fundamental backdrop remains mixed, and there is still a possibility of further downside under the following conditions:
• A close below 4,365
• A short squeeze above 4,435
Result: +490 pips!
Mr.Yang
