From TradingView · · 30s
Selling Zone XAUUSD
Gold price expected to drop after hitting key sell zone.
In brief
Gold price expected to drop after hitting key sell zone. Gold price may fall as it retests a selling zone where market previously reversed. Originally reported by TradingView.
Selling Zone XAUUSD
Market reached a sell zone at H4 level and now counts as a sell area for M15.
Expected Price Drop
This zone is expected to trigger a downward move as the trend continues.
Market Action
Traders looking to sell now see this level as a good opportunity for immediate exit.
The one thing
Gold price may fall as it retests a selling zone where market previously reversed.
