XAUUSD (Gold Spot) – SHORT SIGNAL

Mar 13

Gold has approached a significant resistance confluence around 5,130 – 5,146 during the New York session setup. Key levels & rationale: Strong historical resistance zone marked at 5,130.90 – 5,146
Likely order block / supply zone where previous selling pressure was absorbed before the sharp drop
Current price action showing rejection candles and failure to sustain above the zone
Bearish structure with lower highs forming after the recent bounce

Trade Idea
Direction: SHORT
Entry: Around 5,130 – 5,135 (on confirmation of rejection)
Stop Loss: Above 5,146 – 5,150 (to invalidate the setup)
Target 1: 5,111 – 5,100
Target 2: 5,080 – 5,064 (major support zone)Risk management is critical – wait for clear bearish confirmation (e.g., strong rejection candle or break below minor swing low) before entry.
#Gold #XAUUSD #GoldTrading #Forex #PreciousMetals #ShortSetup #TechnicalAnalysis #TradingView #NYSessionNot financial advice. This is purely educational/chart-based observation. Trading involves significant risk of loss. Always do your own research (DYOR), use proper risk management, and trade only with capital you can afford to lose. Markets can move unpredictably.

Mar 13

Note

Market just drop quickly without tapped our zone