Short Position for Gold (XAU/USD) from 1992

Short Position for Gold (XAU/USD) from 1992

As a seasoned trader, I have initiated a short position for Gold (XAU/USD) from $1992. The decisive break below the crucial support level at 1977 has confirmed a bearish sentiment in the market. Notably, Gold has struggled to breach its established resistance levels, indicating a strong barrier to further upward movement. This strategic short position reflects my professional analysis and expectations for a bearish trend in Gold.