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

June 5, 2019 11:24:54 AM by Alexander Zorevyk
Forecast Details
PairXAUUSD
Direction Buy
StatusClosed (1336)
11:16
11:16
Jun. 5, 2019

+140 p
1,347.0
Target 2
+100 p
1,343.0
Target 1
1,333.0
Entry
-100 p
1,323.0
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.