EN

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 Time6/6/24 6:54 AM
Direction Buy
Status Closed (2,375.0)
6:54
6:54
Jun. 6, 2024
Forecast
+380 p
2,405.0
Target 1
2,367.0
Entry
-380 p
2,329.0
Stop Loss
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-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 activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. Price broke through the MVP line and rushed up. We consider this a sign for further XAUUSD price increase.
    index: 1x 0.097476005554199s
t_/pages/forecast: 1x 0.090706825256348s
t_/common/header-new: 1x 0.044589996337891s
t_/common/head: 1x 0.034510850906372s
t_/common/footer-new: 1x 0.018712043762207s
t_/popups/on-download: 1x 0.0034558773040771s
router_page: 1x 0.0031619071960449s
router: 1x 0.0014951229095459s
t_/common/cookie-banner: 1x 0.00079202651977539s
t_/blocks/sidebar-afil: 1x 0.00058794021606445s
service-routes: 1x 0.00058484077453613s
router_redirection: 1x 0.00029897689819336s
t_/popups/zoom: 1x 5.793571472168E-5s
----- END OF DUMP (2025-02-05 11:57:02)  -----