XAU/USD: Fading the Top of the Range – A Short Opportunity Amidst Sideways Action

Technical Setup: Rejection at Resistance

Currently, XAU/USD is trading around 2925.31, caught within a defined sideways channel. While the 24h change of 0.18% seems minor, it's the consistent rejection near the top of the day range (2933.27) that has caught my attention. I'm looking to short XAU/USD at 2928. This level sits just below the immediate resistance at 2933.27, anticipating a retest and subsequent failure to break higher. My Stop Loss is strategically placed at 2941, just above this resistance cluster, ensuring that if Gold manages to push past this key barrier, my risk is controlled.
The confluence is strong here; we've seen multiple attempts to breach 2933.27 without sustained follow-through. A short entry at 2928 offers an excellent