The market has stabilized, the first signs of a downtrend appeared

March 7, 2019 8:51:56 AM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (1,289.0)
Mar. 7, 2019

-50 p
Stop Loss
+50 p
Target 1
Chart & Analyst Comments
  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. We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
  3. The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
  4. MVP line is above the price and acts as a resistance level.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.046617984771729s
t_/pages/forecast: 1x 0.042534828186035s
t_/common/header-new: 1x 0.03137993812561s
t_/common/head: 1x 0.02680516242981s
t_/common/footer-new: 1x 0.0024721622467041s
router_page: 1x 0.0022082328796387s
router: 1x 0.0010380744934082s
t_/popups/on-download: 1x 0.00049519538879395s
service-routes: 1x 0.00041699409484863s
router_redirection: 1x 0.00019598007202148s
t_/popups/zoom: 1x 3.0040740966797E-5s
----- END OF DUMP (2023-02-02 15:45:02)  -----