#GOLD
Gold continues to trade within the 3960–4100 range. A short squeeze recently triggered another decline and the formation of local support at 4028. However, the market is once again moving to retest resistance.
Both the global and local trends remain bearish. If sellers keep the price below the 4095–4121 resistance zone, gold could extend its decline within the range toward 4028 and potentially 3960.
At the same time, an aggressive liquidity hunt cannot be ruled out.In that scenario, 4200
Mr.Yang