XAU/USD: Bearish Momentum & Key Levels to Watch

Market Context

Gold (XAU/USD) is clearly in a bearish trend, currently trading at 2909.13, down -0.37% today. The 2925.44 resistance has been a key level to watch, holding today's upside. This technical rejection confirms the sellers' strength. The immediate support lies at 2892.81. Simple is best; the chart shows continued downside pressure.

Trade Setup

Given the technical picture and a generally firmer dollar providing fundamental headwinds, I'm setting up a short position on XAU/USD. My entry is