Tactical Short on XAU/USD: Watching for a Pullback from Recent Highs

Current Market Observations & My Rationale

Guten Tag, fellow traders. Lukas Schneider here, looking at XAU/USD, which has certainly been a fascinating market to navigate. While my long-term outlook on Gold remains predominantly bullish, and we've seen a healthy 0.51% gain over the last 24 hours, currently trading around 2934.82, I'm spotting a compelling short-term setup for a swing trade. The metal has seen its day range between 2912.59 and 2957.06, and it feels like we're approaching a point of short-term exhaustion.
My analysis suggests that we might be due for a tactical