XAU/USD: A Prudent Shorting Opportunity in a Sideways Market Amidst Shifting Macro Tides

Dissecting the Technical Landscape: Patience for the Entry

Good morning, KoraFX community. Let's talk about Gold, XAU/USD. Looking at the current market data, we see Gold trading at 2926.14, having experienced a modest 0.21% gain over the last 24 hours. The day range has been relatively tight, oscillating between 2916.93 and 2935.34, which clearly underscores the prevailing sideways trend.
My analysis points to a short opportunity, but it demands patience for the optimal entry. My proposed entry is at 2931. Why this level? We're currently sitting within the upper half of the recent day range, close to the immediate resistance at 2935.34. My strategy here is to wait for a slight retest of this