Gold's Bullish Run Cooling Off? Eyeing a Quick Intraday Short on XAU/USD

Hey KoraFX fam! Let's talk some XAU/USD. Gold has been on a serious tear lately, no doubt about it. We're sitting around 2938.91 right now, up a decent 0.65% today, and the overall trend is clearly bullish. But you know me, I always look at both sides of the coin, especially after a big move. The daily range has been from 2910.54 to 2967.28, showing some volatility up top.

The Setup: Riding a Potential Pullback

While the long-term trend is up, I'm seeing some signals for a potential intraday pullback here. Gold has pushed quite a bit, and we're getting closer to that daily resistance at 2967.28, with the big psychological 3000 level not far off. Sometimes after a strong push, you get some profit-taking kicking in. Fundamentally, we might see some temporary dollar strength or just a breather in safe-haven demand that could trigger a short-term dip.

My Intraday Play: Short & Sweet

I'm looking to play a short on XAU/USD for an intraday move. My entry is set at 2948, just waiting for a little more push up into a potential rejection zone. My stop loss is at 2993 – gotta protect the capital, folks, and that keeps us clear of the 3000 resistance. For the take profit,