As of now, the gold price stands at $2,351 per ounce. To capitalize on potential selling opportunities, we've delineated two key zones where we anticipate strong sell entries, guided by the Smart Money concept, which focuses on identifying areas where institutional money is likely to have a significant impact.
First Sell Zone: 2356-2362 USD - This zone is identified as a potential area for initiating sell orders. The range closely aligns with minor resistance levels where institutional sellers are expected to enter the market. Traders should monitor price action closely in this band for signs of reversal patterns or rejection signals that indicate a good selling opportunity.
Second Sell Zone: 2365-2370 USD - Slightly higher on the scale, this zone represents a more aggressive selling area. It is selected based on historical resistance and the likely presence of order blocks placed by institutional traders. Entering sell orders in this zone could yield higher returns, but it comes with a greater risk, necessitating stringent risk management strategies.
By employing the Smart Money concept, we focus on zones where large market players are likely to create significant price movements. Traders are advised to wait for confirmatory signals within these zones before placing trades to ensure alignment with smart money actions and to maximize the potential for profitable outcomes.
First Sell Zone: 2356-2362 USD - This zone is identified as a potential area for initiating sell orders. The range closely aligns with minor resistance levels where institutional sellers are expected to enter the market. Traders should monitor price action closely in this band for signs of reversal patterns or rejection signals that indicate a good selling opportunity.
Second Sell Zone: 2365-2370 USD - Slightly higher on the scale, this zone represents a more aggressive selling area. It is selected based on historical resistance and the likely presence of order blocks placed by institutional traders. Entering sell orders in this zone could yield higher returns, but it comes with a greater risk, necessitating stringent risk management strategies.
By employing the Smart Money concept, we focus on zones where large market players are likely to create significant price movements. Traders are advised to wait for confirmatory signals within these zones before placing trades to ensure alignment with smart money actions and to maximize the potential for profitable outcomes.
