XAUUSD - the pair is about to leave the range of flat
February 1, 2019 8:25:22 AM
Forecast Details
PairXAUUSD
Direction
Sell
StatusClosed (1321.5)
-40 p
1,321.5
Stop Loss
1,317.5
Entry
+35 p
1,314.0
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
