Gold Drop Fully Expected — Now It's Bulls？

This recent decline in gold was well within our expectations. Since Monday, I’ve been highlighting the following:

The 3400 zone is a strong historical resistance, with heavy supply pressure;

A gap remains open at 3289, creating downside risk.

Today's drop is a deep flush of selling pressure near the 3400 zone.

Although the 3289 gap is still unfilled, this move may trigger dip-buying activity, giving bulls some room to work with.

📌 The first rebound resistance is likely near 3343, but because the gap is still a threat, most funds remain cautious. This could result in:

Weaker-than-expected rebounds;

Even possible bull traps followed by renewed downside.

✅ Long strategy reminders:

Keep position size moderate;

Set realistic targets;

Adjust your approach in line with market development.

Stay sharp, stay flexible — profits favor the prepared.