Best Short-Term Selling Zones for Gold

Gold is currently moving in a clear downtrend on the hourly timeframe, especially after breaking recent support levels, confirming the downtrend.

Gold has also established new selling zones, which are strong selling points if tested.

Selling Zones and Expected Movement

Currently, gold is expected to continue its downtrend, so it is preferable to focus on selling. The nearest selling zones are currently the supply zones near the 4327 level.

Another scenario is that if the first supply zones are broken and closed above them, we may see a continuation of the upward movement towards the next selling zones near the 4450 level. These are strong zones that overlap with selling zones on the 4-hour timeframe.

When trading gold, it is important to use small contracts, so please pay close attention to capital management.