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

XAUUSD - Downward trend will continue, Short trade by market price recommended

February 4, 2020 7:35:53 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (1,564.0)
Feb. 4, 2020

-100 p
Stop Loss
+100 p
Target 1
+150 p
Target 2
Chart & Analyst Comments
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is buying, we should consider sticking to Sell Orders.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  4. We are focused on the breakdown of the previous bottom, the target at the level of 1564.
    index: 1x 0.035120010375977s
t_/pages/forecast: 1x 0.032001972198486s
t_/common/header-new: 1x 0.020159006118774s
t_/common/head: 1x 0.016047954559326s
t_/common/footer-new: 1x 0.0026698112487793s
router_page: 1x 0.0016520023345947s
router: 1x 0.00077509880065918s
t_/popups/on-download: 1x 0.00052189826965332s
service-routes: 1x 0.00029993057250977s
router_redirection: 1x 0.00013399124145508s
t_/popups/zoom: 1x 3.3140182495117E-5s
----- END OF DUMP (2022-08-08 07:45:08)  -----