XAU/USD: Levels Are Clear For A Short Swing

XAU/USD is trading at 2921.05 right now, locked in a sideways trend. The day range, 2919.47 to 2922.63, shows how tight this action is.

The Setup

Price is pressing right against the 2922.63 resistance level. This daily high is a critical point. I'm taking this trade as a short swing. My entry is at 2922. It looks like a clean setup for a potential rejection.
My stop loss is tight at 2926, just above that immediate resistance. The target profit is 2916, looking for a quick move lower.

Analysis & Outlook

Technically, we're seeing price challenge the 2922.63 resistance. A rejection here could see us test the 2919.47 support, then 2850. Fundamentally, with the current sideways chop, there isn't a strong immediate catalyst to push gold higher, making these technical levels important. What are your thoughts on this setup? Always open to other perspectives, still learning.