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

July 3, 2019 9:24:31 AM by Alex Zarevich
Forecast Details
PairXAUUSD
Direction Buy
StatusClosed (1,432.0)
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
main-buy-trend-2
  1. Majority of traders are still holding onto Shorts. This means we should continue to Buy XAUUSD.
  2. Analyzing the positions ratio, we see that most traders are currently in Shorts, which also combines with the original idea.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. In the left orderbook, 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 take profit according to our forecast.
    index: 1x 0.046364068984985s
t_/pages/forecast: 1x 0.043184995651245s
t_/common/header-new: 1x 0.031389951705933s
t_/common/head: 1x 0.027796983718872s
t_/common/footer-new: 1x 0.0027768611907959s
router_page: 1x 0.0016658306121826s
router: 1x 0.00080609321594238s
t_/popups/on-download: 1x 0.00056791305541992s
service-routes: 1x 0.00037503242492676s
router_redirection: 1x 0.00019407272338867s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2022-12-09 12:50:12)  -----