XAU/USD: Tactical Short Play Amidst Current Bearish Momentum

Namaste, everyone. While I often lean towards the bullish side for Gold in the longer term, the current market dynamics for XAU/USD present a compelling tactical short opportunity. The data is pointing us in a clear direction for a short-term correction.

Fundamental & Technical Alignment

Currently, XAU/USD is trading around 2910.94, experiencing a -0.31% drop over the last 24 hours. This immediate bearish trend, as indicated by the market, is a significant factor. From a fundamental perspective, we