XAU/USD: A Tactical Short Play Amidst Bearish Momentum

Current Market Dynamics and Technical Read

Good morning, KoraFX community. Grace Evans here, checking in from Birmingham. While I often find myself leaning bullish, the current data on XAU/USD presents a compelling case for a tactical short play, particularly on a position timeframe. Gold is currently trading around 2909.13, showing a 24-hour change of -0.37%, indicating a persistent bearish sentiment. The daily range from 2892.81 to 2925.44 highlights a clear struggle for the bulls to maintain higher ground. Our immediate resistance at 2925.4