Gold looking heavy at resistance – Time for a quick short?

XAU/USD: Testing the Ceiling

What's good, fam? Gold (XAU/USD) is currently chilling around 2924.86, and it's been pretty much sideways for a bit now. We saw it try to push up to 2932.15, which is our immediate resistance from the daily range, but it just couldn't break through. It even touched 2932.15 earlier in the day but failed to hold. This tells me the buyers are running out of steam at these levels.

Technicals & Market Vibe

Technically, Gold is trapped between 2917.57 support and 2932.15 resistance. Since it's struggling at the top end of this range, it looks like it wants to retest the lower levels. No major fundamental catalysts are really pushing Gold higher right now, and with the dollar generally looking firm, there's not much strength for Gold to blast past the 2932.15 or even the 2950 resistance. This feels like a classic "fade the resistance" setup for an intraday move. This looks juicy!

My Intraday Setup

Based on this, I'm eyeing a short position.
* Direction: Short
* Entry: I'll be looking to enter around 2928, just below that daily