Gold Bearish Momentum: XAU/USD Short Setup Looks Clean

Market Overview

XAU/USD is clearly bearish, currently at 2900.36 after a -0.67% drop in 24 hours. The price has respected resistance around 2929.82. This consistent selling pressure suggests underlying weakness, possibly from general market risk sentiment pushing capital elsewhere.

The Setup

Levels are clear for a short. I'm looking to enter around 2915, capitalising on the bearish trend. My Stop Loss is placed at 2986, above the recent resistance levels like 2950, to manage risk. The Take Profit for this swing trade is 2809, targeting the major support zone around 2800. Taking this trade. What are your thoughts on this Gold move? Still learning here.