Gold's Bearish Momentum: My Swing Short Idea for XAU/USD

Hey everyone, Karan here from Pune. Been watching Gold (XAU/USD) closely, and it's looking pretty weak lately. The current price is hovering around 2906.82, and we've seen a pretty consistent bearish trend over the last 24 hours, down 0.45%. My charts are pointing to further downside, so I’ve got a swing short setup brewing.

Technical Read: Charts Don't Lie

The daily range is between 2887.06 and 2926.59, which tells me there's been some selling pressure after hitting that daily high. We're clearly in a bearish trend, and I'm looking for a retest of some resistance before jumping in. My entry is at 2916. This level feels like a solid spot for price to potentially retrace to before continuing its descent, giving us a better risk-reward. We've got major resistance up at 2926.59 and then 2950, so my stop loss at 2963 gives it enough breathing room but keeps my risk conservative. On the downside