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XAUUSD - Upward trend will continue, Long trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairXAUUSD
Publication Time7/4/24 10:45 AM
Direction Buy
Status Closed (2,366.0)
10:45
10:45
Jul. 4, 2024
Forecast
+120 p
2,370.0
Target 2
+80 p
2,366.0
Target 1
2,358.0
Entry
-90 p
2,349.0
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on XAUUSD. As a result, we recommend considering only Long trades at this time.
  2. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  3. The SLC indicator displays a cluster of Stop Losses and Stop orders at the previous high level, which according to our forecast, is good for placing Take Profit.
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