Gold's Shine Fading? Intraday Short Play on XAU/USD

Current Market Scan: Bearish Bias Intact

Hey fam! Diya here, checking in on XAU/USD. The trend for Gold has been pretty clear: bearish. We're currently hanging around 2907.21, down about -0.44% in the last 24 hours. The day range has been between 2888.03 and 2926.39, so we've seen some movement, but the overall vibe is definitely downward. I'm seeing price struggle to reclaim higher levels, which keeps my short bias strong for an intraday play.

My Intraday Setup: Chasing the Momentum

Given the current bearish momentum and broader market sentiment potentially favoring a stronger dollar, I'm eyeing a short entry on Gold. I'm looking for a slight retrace up to 2916 before entering. Our immediate resistance is sitting around the day's high of 2926.39, but the bigger one to watch is 2950. My stop loss is set at 2962 – gotta protect the