Gold's Sideways Grind: Fading the Upper Range on XAU/USD for a Swing Short

Alright, KoraFX crew, James Brown here from Bristol. Let's talk about Gold, XAU/USD. It's been a bit of a grind lately, stuck in a sideways channel, currently sitting at 2923.45 after a modest 0.12% gain today. The daily range is pretty tight, from 2918.28 to 2928.62, which tells me the market isn't ready to commit to a direction yet. However, I'm looking to fade the upper end of this consolidation.

Technical Read: Rejection at Resistance

My analysis suggests we're seeing strong resistance holding firm around the 2928.62 level, which is today's high. I'm positioning for a short entry at 2925. This puts us right in a