Spot gold has rebounded toward the 5100 level, where overhead resistance is currently in place.
Given the resistance above, upside momentum appears limited in the short term.
At this level, I have initiated a light short position, with a stop-loss already in place to keep risk well controlled.
Trading approach:
👉 Short near resistance
👉 Light position size
👉 Strict stop-loss, let the market decide#XAU/USD#
David(001)
