XAU/USD: Identifying a Swing Long Opportunity Amidst Short-Term Bearish Pressure

Market Context and Fundamental Considerations

The XAU/USD pair is currently trading at 2910.57, experiencing a modest decline of -9.43 points (-0.32%) over the past 24 hours. The prevailing short-term trend is bearish, as indicated by the recent price action and the daily range of 2896.43 to 2924.71. While the immediate momentum leans to the downside, I consistently look for opportunities across various timeframes