The market has stabilized, the first signs of an uptrend appeared

July 3, 2019 9:24:31 AM by Alexander Zorevyk
Forecast Details
PairXAUUSD
Direction Buy
StatusClosed (1432)
8:13
8:13
Jul. 3, 2019

+130 p
1,445.0
Target 1
1,432.0
Entry
-120 p
1,420.0
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. Most traders are still bearish, which indicates the need for us to continue to go buying XAUUSD.
  2. Analyzing the ratio of positions, we see that most traders are currently in sales, which is also combined with the original idea.
  3. The activity of "fresh" sellers in an uptrend may indicate that the market crowd still does not believe in a bullish trend.
  4. We see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing our take profit according to our forecast.