Gold has rejected multiple times near $2,940, indicating strong

#XAU/USD#

📊 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! ​