Gold Drops More Than 3000 PipsGoldOANDA:XAUUSDWolf_of-WallStreetHello everyone — let’s take a quick look at what happened to gold during yesterday’s turbulent session. The market witnessed a sharp reversal as gold prices fell more than 300 USD from the recent peak, sliding aggressively from around 5,350 down to near 5,000 USD. After a strong rally driven by safe-haven demand, the precious metal has now entered a significant correction phase, mainly due to profit-taking and a recovery in the US dollar. From a market sentiment perspective, geopolitical concerns have temporarily eased while US Treasury yields have started to rise. As a result, capital is gradually moving away from safe-haven assets, creating noticeable selling pressure on gold in the short term. Technically, if the selling momentum continues, price could move toward lower support zones before forming a new stable market structure. The 5,100 and 5,000 USD levels are likely to be tested again. What do you think — where is XAUUSD heading next?