Gold Shorts to 1943 range then adjust to longs

This analysis suggests that taking a short position on XAU/USD may be a good idea in the short term. The decision to do so is based on two key factors:

The price is currently at a key 4-hour resistance level of 1975.90
The swing up has been measured using a Fibonacci retracement from the last swing high on the 1-hour chart at 1927.49 to 1990, and the 61.8% retracement level on the pullback is at 1943, which is another 4-hour support/resistance level.
If the price fails to break above the 4-hour resistance level, it could potentially find support at the 61.8% retracement level at 1943. However, if this support level does not hold, the price could continue to move lower towards the next support level at 1927.49.