Gold's Shine Fading? My XAU/USD Short Play is Looking Juicy!

Hey team, Jack here from down under. Hope you're all having a solid week! Been watching XAU/USD closely, and it's looking like there might be some downside left in the tank. Gold is currently trading around 2898.27, down a pretty decent 0.74% (-21.73) in the last 24 hours. The overall trend has definitely been bearish, and I'm seeing an opportunity to ride that wave.

Technical Breakdown

From a technical perspective, the bearish momentum is clear. We've seen the price struggle to hold above resistance, with the day's high hitting 2930.87 before pulling back. I'm looking for a retest of that 2909 area to jump in on a short. My stop loss would be placed above the next key resistance at 2961, keeping that risk in check. On the flip side, we've got support levels at 2865.66 and 2850, but I'm looking for a deeper move towards 2805 as my take profit target. If we can break through that 2850 level, it could be easy money if you're patient enough to hold this swing trade!

Fundamental Factors & My Play

Fundamentally, a stronger US Dollar sentiment has been weighing on gold, making it more expensive for holders of other currencies. While nothing is certain in this market, that backdrop, combined with the technical picture