Gold's Highs Feeling a Bit Too Heavy? My Short Setup for XAU/USD

Gold's Current Vibe and My Technical Read

Alright folks, let's talk about Gold, XAU/USD. It's been a pretty bullish run lately, can't argue with that. We're seeing it currently trading around 2929.91, up a decent 0.34% today, pushing near the day's high of 2944.78. The overall trend is indeed bullish, and there's strong support sitting around 2915.04 and 2900.
However, I'm starting to see some exhaustion creeping in as we approach that 2944.78 resistance. For me, it looks like a potential shorting opportunity is shaping up for a swing trade. I'm eyeing an entry around 2935, anticipating a slight push higher that might fail to decisively break through resistance before sellers step in. This feels like a "classic setup right here" where the rally might be running out of steam.

My Rationale and Trade Parameters

Why short against a bullish trend, you ask? Well, sometimes the charts tell you a different story at key levels. While the trend is up, the pace seems to be slowing, and hitting resistance like 2944.78 often brings profit-taking. Fundamentally, with recent