XAU/USD: Fading the Bearish Momentum for a Swing Bounce

The Setup: Contrarian Long on Gold

Current market sentiment on Gold (XAU/USD) is clearly bearish, with the instrument down -0.71% in the last 24 hours, trading around 2899.32. The day's range has seen prices fall from 2930.34 to as low as 2868.31. While the herd chases the downside, my analysis suggests this current sell-off is stretched, presenting a compelling contrarian opportunity. I'm initiating a swing long trade on XAU/USD. My entry target