- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 1704
XAUUSD - Downward trend will continue, Short trade by market price recommended
September 6, 2022 12:19:28 PM
Forecast Details
PairXAUUSD
Direction
Sell
StatusClosed (1,704.0)
-100 p
1,724.0
Stop Loss
1,714.0
Entry
+100 p
1,704.0
Target 1
Chart & Analyst Comments
