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 0.058478116989136s
t_/pages/forecast: 1x 0.052948951721191s
t_/common/header-new: 1x 0.034280061721802s
t_/common/head: 1x 0.027808904647827s
t_/common/footer-new: 1x 0.0053560733795166s
router_page: 1x 0.0031840801239014s
router: 1x 0.0013840198516846s
t_/popups/on-download: 1x 0.0011000633239746s
t_/common/cookie-banner: 1x 0.00075006484985352s
service-routes: 1x 0.0005948543548584s
t_/blocks/sidebar-afil: 1x 0.0003809928894043s
router_redirection: 1x 0.00025200843811035s
t_/popups/zoom: 1x 7.5817108154297E-5s
----- END OF DUMP (2024-10-11 15:13:10)  -----