XAUUSD - Downward trend will continue, Short trade by market price recommended

July 9, 2019 9:47:41 AM by Alexander Zorevyk
Forecast Details
PairXAUUSD
Direction Sell
StatusClosed (1395.5)
9:42
9:42
Jul. 9, 2019

-125 p
1,400.0
Stop Loss
1,387.5
Entry
+110 p
1,376.5
Target 1
Chart & Analyst Comments
XAUUSD - Downward trend will continue, Short trade by market price recommended
  1. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  2. Set Take profit at the local price minimum.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.