Gold could correct higher and drop again

Two days ago, following a higher-than-expected CPI, XAUUSD dropped to a fresh yearly low around the 1990 zone.
Technically, the price fell from the 2030 zone, a median level that I have discussed in several analyses. With the support level broken, we can consider the beginning of a new bearish trend in the medium term.
That being said, while a correction could occur, this rise should be viewed as a good opportunity to initiate short trades. The target could be the 1980 horizontal support level.