From TradingView · · 40s
Gold Sells Deliver Profits
Gold traders profit from two-session sell opportunities.
In brief
Gold traders profit from two-session sell opportunities. Gold traders achieved profits by selling during two recent sessions as prices fell below key resistance levels. Originally reported by TradingView.
Gold Price Action
Gold prices traded below 4,302.80 psychological barrier during Monday's session.
Resistance Levels
Gold faces resistance at 4,308.80 and 4,315.80 on hourly chart before potential test of 4,327.80.
Sell Opportunities
Traders achieved profits by selling during two sessions as prices fell from 4,302.80 to 4,282.80.
Support Zones
Gold's next support zones are 4,257.80 to 4,262.80 if 4,282.80 fails to hold.
Market Outlook
Gold may fall to October 5th before new bullish medium-term trend resumes.
What matters most
Gold traders achieved profits by selling during two recent sessions as prices fell below key resistance levels.
