From TradingView · · 50s
Gold Sells Yield Profits
Gold traders profit from two-session sell opportunities.
In brief
Gold traders profit from two-session sell opportunities. Gold traders achieved excellent profits by selling during two 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.
Support Zones
Gold supports at 4,282.80 and 4,257.80-4,262.80 if 4,252.80 fails to hold.
Two-Session Profits
Traders achieved excellent profits by selling during two sessions as prices fell from 4,302.80 to 4,282.80.
Price Action
Gold trades within 4,327.80-4,342.80 soft rectangle on hourly chart with neutral values.
Next Move
Gold may fall to October 5th before bullish medium-term trend resumes.
The short version
Gold traders achieved excellent profits by selling during two sessions as prices fell below key resistance levels.
