17 March 2026 XAUUSD Short SetupGOLD (US$/OZ)TVC:GOLDExuberanceTradingTrade Idea: SHORT XAUUSD (Gold) The Setup: We are looking for a short (sell) entry on Gold from a specific supply zone, anticipating a rejection and a move lower. Entry Zone: 5005 This level represents a key area of value where we anticipate sellers to step in. It could be a previous support-turned-resistance, a retest of a broken structure level, or a fair value gap on the lower timeframes. Stop Loss (SL): Above 5008 Placed just above the entry zone to give the trade room to breathe. A break above this level would invalidate our bearish thesis, suggesting the buying pressure is too strong and that liquidity is being sought to the upside. This offers a very tight, favorable risk-to-reward ratio. Take Profit Targets (TP): TP1: 4993 (First take-profit level. A logical area of support or a recent swing low. We can scale out 30-40% of the position here to reduce risk and move the stop loss to breakeven.) TP2: 4982 (Secondary target. This is likely a higher timeframe support or a 1:2 risk-to-reward multiple. Another portion of the position can be booked here.) TP3: 4970 (Final target. This is the runner. We let this portion ride to capture the full potential of the expected move, likely a major psychological level or a sweep of an old low.) Risk Management: This is a very tight, defined-risk scalp or intraday trade. With a 3-pip stop loss, the risk is minimal. Even the first target offers a positive risk-to-reward ratio (approx 1:4), making this a high-probability setup structure if the entry triggers precisely. Summary: We are sellers of Gold on a rejection at the 5005 level, with a tight stop above 5008, aiming for a move lower towards 4993, 4982, and 4970.