Lingrid | GOLD sharp DECLINE. Potential SHORT opportunity

The market has taken a sharp plunge from the resistance zone, reminiscent of a similar -6% decline that occurred after the previous all-time high. Currently, XAUUSD has already dropped by around 5% from the resistance level at 2450, leaving room for further bearish momentum towards the psychological level of 2300. On the daily chart, we're seeing two consecutive large bearish candles indicating the current dominant trend. Given the rapid price movement, I'm anticipating a temporary consolidation phase before considering further price action. If the market re-enters the resistance zone at 2350-2360, I'll be looking for confirmation to enter a short position. My goal is support level at 2310


Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻