Gold Analysis (XAUUSD) short 240

The price of gold has experienced a significant increase recently. Although the sentiment is bullish, I believe there could be a downside movement due to the current geopolitical environment. We might see a rebound around 2305, followed by a downward movement. However, it is crucial to enter with caution and set very tight stops, as we are in a high-volatility zone. If the correction is confirmed, we could reach the support zone at 2266 and even attempt to break the downtrend line.

Patience pays off.

Good luck with your trades!