Gold cound continue down after correction

2 במאי

As I mentioned yesterday, following the substantial decline observed on the last day of April, XAUUSD could potentially rise and test the resistance zone around 2315.
Indeed, Gold rose even further to the 2330 zone before beginning to decline once more.

In my view, the medium-term trend for Gold has shifted to bearish, and I anticipate a new decline below 2300 following this rise.
My strategy is to sell rallies with a target around the 2270-2280 support range.