Will GOLD (XAUUSD) Drop Lower?

We observed two notable bearish breakouts in 📉Gold on the intraday and daily charts.

First, the price broke through a key daily horizontal support level. Furthermore, it closed below a critical ascending trend line.

This breakdown of both horizontal and vertical structures has now established an expanding supply zone.

Short positions are recommended from this zone, with expectations for a continued bearish trend targeting 2720.