Gold has rejected multiple times near $2,940, indicating strong
📊 Market Overview
Current Price: $2,935.000
High of the Session: $2,935.000
Major Resistance (R3): $2,940.010
Recently Broken Resistance (Now Support - R2): $2,938.000
Key Dynamic Support (50 EMA): $2,932.000
Psychological Support (S1): $2,925.104
📌 Gold is currently trading near its session high, testing resistance levels.
🏦 Institutional Order Flow & Liquidity Insights
🔍 Key Observations:
Gold has rejected multiple times near $2,940, indicating strong supply zones.
Institutions are likely selling at this level, preparing for a possible retracement.
Liquidity is building near $2,930, which could be a downside target.
📌 If price fails to break $2,938, a short opportunity emerges for a move back to $2,930 - $2,925.
📈 Indicator Breakdown
RSI (7): Approaching overbought territory (above 60), signaling possible exhaustion.
MACD: Showing a loss of bullish momentum, potential for a bearish crossover.
VWAP: Price is approaching institutional sell levels.
50 EMA & 200 EMA: Bearish bias forming below resistance.
📌 If price rejects $2,938 - $2,940, momentum favors a short trade.
🔴 High-Confidence SELL Setup
📌 Sell Entry Zone: $2,937 - $2,939
📌 Stop-Loss (SL): $2,941 (Above liquidity zone)
📌 Take-Profit (TP):
TP1: $2,932 (Quick scalp)
TP2: $2,928 (Institutional Support)
Maximum TP: $2,925 (Extended Target)
📌 Risk-Reward Ratio: 3.5:1 – Strong Setup
⚡ Execution Plan
✅ SELL IF price rejects $2,938 - $2,940 and fails to break higher.
✅ If price starts breaking below $2,935, downside momentum increases.
✅ Monitor order flow: If sell orders stack up at $2,938, institutions are unloading.
✅ RSI must stay below 60 and MACD should confirm bearish momentum.
🚀 FINAL VERDICT – WAIT FOR A REJECTION AT $2,938 - $2,940, THEN SELL FOR A DROP TOWARD $2,925!
Current Price: $2,935.000
High of the Session: $2,935.000
Major Resistance (R3): $2,940.010
Recently Broken Resistance (Now Support - R2): $2,938.000
Key Dynamic Support (50 EMA): $2,932.000
Psychological Support (S1): $2,925.104
📌 Gold is currently trading near its session high, testing resistance levels.
🏦 Institutional Order Flow & Liquidity Insights
🔍 Key Observations:
Gold has rejected multiple times near $2,940, indicating strong supply zones.
Institutions are likely selling at this level, preparing for a possible retracement.
Liquidity is building near $2,930, which could be a downside target.
📌 If price fails to break $2,938, a short opportunity emerges for a move back to $2,930 - $2,925.
📈 Indicator Breakdown
RSI (7): Approaching overbought territory (above 60), signaling possible exhaustion.
MACD: Showing a loss of bullish momentum, potential for a bearish crossover.
VWAP: Price is approaching institutional sell levels.
50 EMA & 200 EMA: Bearish bias forming below resistance.
📌 If price rejects $2,938 - $2,940, momentum favors a short trade.
🔴 High-Confidence SELL Setup
📌 Sell Entry Zone: $2,937 - $2,939
📌 Stop-Loss (SL): $2,941 (Above liquidity zone)
📌 Take-Profit (TP):
TP1: $2,932 (Quick scalp)
TP2: $2,928 (Institutional Support)
Maximum TP: $2,925 (Extended Target)
📌 Risk-Reward Ratio: 3.5:1 – Strong Setup
⚡ Execution Plan
✅ SELL IF price rejects $2,938 - $2,940 and fails to break higher.
✅ If price starts breaking below $2,935, downside momentum increases.
✅ Monitor order flow: If sell orders stack up at $2,938, institutions are unloading.
✅ RSI must stay below 60 and MACD should confirm bearish momentum.
🚀 FINAL VERDICT – WAIT FOR A REJECTION AT $2,938 - $2,940, THEN SELL FOR A DROP TOWARD $2,925!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.