XAU/USD: Is Gold Ready for a Quick Pullback?

Hey everyone! Hope your trading week's going well. Gold (XAU/USD) has been on an absolute tear lately, no doubt about it. Current price is around 2938.38, and it's up 0.63% in 24 hours, hitting a day range high of 2965.95. The trend is definitely bullish, and charts don't lie when they show strength. But I'm seeing something interesting for an intraday play here.

Technical Setup: Fading the Strength?

While Gold is pushing higher, it's getting pretty close to some significant resistance levels, especially around 2965.95 and then the big psychological 3000 mark. My gut, looking at the price action and some indicators, is telling me we might see a short-term pullback or some profit-taking after such a strong run. This one's a beauty if it plays out. I’m thinking of entering a short around 2952, waiting for a final push higher into that resistance area before it potentially turns.

Trade Details & Risk Management

For this intraday short trade on XAU/USD, my entry is at 2952. My Stop Loss is set at 3018, which gives it enough room above the 3000 resistance. For the Take Profit, I'm eyeing 2853, just above the 2850 support level. This setup gives a decent risk-reward for a quick scalp or swing, aligning with my conservative risk tolerance. Also, with potential for the dollar to show some strength, it could add a fundamental headwind for Gold. What do you all think? Am I missing something here? Always keen to hear other perspectives. Trust the process, right?