In this qualitative study, we used constructivist grounded theory with 13 Black sexual-minority women and gender-diverse individuals in the northeastern United States to explore participants’ experiences of identity validation and/or conflict within Black and sexual- and gender-diverse community spaces. Each participant completed a semistructured interview and 7 participants also completed a follow-up member check. Data revealed 4 major themes: (a) rainbow is not enough, (b) negotiating one’s space within the Black community, (c) not looking the part, and (d) resistance. Across the board, participants reported facing ongoing anti-Black racism in sexual- and gender-diverse community spaces as well as subtle and explicit marginalization in Black spaces related to their sexual orientation. Resistance emerged as a core aspect of participants’ identity formation, shaping how participants learned to negotiate individual and community relationships. Recommendations for future research are discussed. (PsycInfo Database Record (c) 2022 APA, all rights reserved)