XAU/USD: Short Opportunity as Resistance Holds Amidst Shifting Fundamentals

Olá, traders! Mariana Souza here, bringing you my latest analysis on XAU/USD. The gold market is currently experiencing a period of consolidation, showing a sideways trend, but I believe there's a compelling short opportunity emerging, particularly for position traders. Let me walk you through my analysis.

Market Structure and Technical Confluence

Looking at the charts, the XAU/USD pair is trading at 2922.98, firmly within its recent Day Range of 2918.51 to 2927.45. This tight range illustrates the current indecision in the market, but it also highlights key