The market has stabilized, the first signs of an uptrend appeared
July 3, 2019 9:24:31 AM
Forecast Details
PairXAUUSD
Direction
Buy
StatusClosed (1432)
+130 p
1,445.0
Target 1
1,432.0
Entry
-120 p
1,420.0
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 5
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Chart & Analyst Comments
- Most traders are still bearish, which indicates the need for us to continue to go buying XAUUSD.
- Analyzing the ratio of positions, we see that most traders are currently in sales, which is also combined with the original idea.
- The activity of "fresh" sellers in an uptrend may indicate that the market crowd still does not believe in a bullish trend.
- 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.