The market has stabilized, the first signs of a downtrend appeared
March 7, 2019 8:51:56 AM
Forecast Details
PairXAUUSD
Direction
Sell
StatusClosed (1289)
-50 p
1,289.0
Stop Loss
1,284.0
Entry
+50 p
1,279.0
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- 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 going only short at this time.
- We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an act of a major market player. Expected downward movement.
- The decrease in the volume of sellers, together with the increase in the volume of buyers, confirms the need to sell according to our trading idea.
- MVP line is above the price and acts as a resistance level.
- Here is the crucial stop loss level to serve as a goal for our trading idea.