Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

July 3, 2019 9:24:31 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (1,432.0)
Jul. 3, 2019

+130 p
Target 1
-120 p
Stop Loss
Chart & Analyst Comments
  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 0.033697128295898s
t_/pages/forecast: 1x 0.030572175979614s
t_/common/header-new: 1x 0.019627094268799s
t_/common/head: 1x 0.016155958175659s
t_/common/footer-new: 1x 0.0024571418762207s
router_page: 1x 0.0016448497772217s
router: 1x 0.00079011917114258s
t_/popups/on-download: 1x 0.00049901008605957s
service-routes: 1x 0.00031208992004395s
router_redirection: 1x 0.00013303756713867s
t_/popups/zoom: 1x 4.9829483032227E-5s
----- END OF DUMP (2022-08-08 07:38:08)  -----