Gold Short-Term Bearish Setup

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Gold experienced a significant $200 drop, forming a clear five-wave decline that hit its downside targets. A bullish engulfing candle and a Tweezer Top pattern have emerged, indicating a potential upward rebound in a corrective wave targeting one of these levels: 2665, 2690, or 2715. Gold might dip again before reaching these targets, but as long as it does not close below 2589, this outlook remains valid especially if gold surpasses 2627. This level would serve as the strongest signal for an upward rebound in wave [ii] or .