Gold's Sideways Dance: Looking for a Dip Below Key Resistance on XAU/USD

Hey everyone! Eunbi here, checking in from Incheon. XAU/USD has been doing its usual sideways shuffle lately, and honestly, it's making for some interesting setups. Right now, Gold is hanging around 2917.28, pretty much in the middle of its narrow day range of 2913.2 to 2921.36.

Technical Snapshot: Resistance Holding Firm?

So, looking at the charts, that 2921.36 level is acting like a pretty strong ceiling for now. We've seen it struggle to break above there. My eyes are on a potential short play as XAU/USD seems to be consolidating after its recent move. The trend is definitely sideways, but with that resistance holding, I'm leaning towards a pullback. My entry for a swing short is set at 2919, just under that immediate resistance. Charts don't lie – and right now, they're showing weakness around this zone.

Risk Management & The Plan

For this swing trade, I'm keeping a tight stop loss at 2929. This means if Gold decides to push higher and invalidate my bearish view, I'm out with minimal damage