EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairXAUUSD
Publication Time6/4/24 7:08 AM
Direction Sell
Status Closed (2,325.0)
7:08
7:08
Jun. 4, 2024
Forecast
-210 p
2,365.0
Stop Loss
2,344.0
Entry
+190 p
2,325.0
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. This cluster of orders acts as a resistance. For our forecast, stop loss is reasonable to set higher than this cluster.
    index: 1x 0.050934076309204s
t_/pages/forecast: 1x 0.04786491394043s
t_/common/header-new: 1x 0.031397819519043s
t_/common/head: 1x 0.024848937988281s
t_/common/footer-new: 1x 0.0043630599975586s
router_page: 1x 0.0012669563293457s
router: 1x 0.0009160041809082s
t_/popups/on-download: 1x 0.0009000301361084s
t_/common/cookie-banner: 1x 0.00064396858215332s
service-routes: 1x 0.00037908554077148s
t_/blocks/sidebar-afil: 1x 0.00030112266540527s
router_redirection: 1x 0.00021004676818848s
t_/popups/zoom: 1x 1.8835067749023E-5s
----- END OF DUMP (2025-09-03 05:41:09)  -----