XAU/USD: Catching a Bounce Amidst the Dip?

Hey everyone! Gold's been on a bit of a slide lately, down -0.63% today, currently hovering around 2901.47. The overall trend is definitely looking bearish, but I'm seeing something interesting for an intraday play here.

My Intraday Long Setup

Despite the bearish pressure, I'm eyeing a potential bounce. The price dipped quite a bit, hitting a low of 2873.68 today, which is a key support level. While the overall trend is down, sometimes these dips present short-term opportunities. My setup is to go long around 2888. I'm thinking we might see some buyers step in after this recent drop. Charts don't lie, and sometimes they show these little counter-trend moves.

Risk Management & The Bigger Picture

For this trade, my Stop Loss is set at 2821, giving it enough room below the 2850 support, and my Take Profit target is 2988, which is just shy of the 3000 resistance. It's a conservative risk setup for an intraday scalp. Fundamentally, with global uncertainties always lingering, gold often finds bids, even if temporary. I'm just playing what the chart shows me here. Trust the process, right? What do you guys think about XAU/USD right now? Am I missing something or is this one a beauty?