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 Time11/6/19 6:32 AM
Direction Sell
Status Closed (1,485.0)
6:25
6:25
Nov. 6, 2019
Forecast
-150 p
1,500.0
Stop Loss
1,485.0
Entry
+170 p
1,468.0
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on XAUUSD. As a result, we recommend considering only Short trades at this time.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
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