The market has stabilized, the first signs of an uptrend appeared
June 5, 2019 11:24:54 AM
Forecast Details
PairXAUUSD
Direction
Buy
StatusClosed (1336)
+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
About Author
Alexander Zorevyk
Expert
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Total votes: 0
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- 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.
