XAUUSD - Downward trend will continue, Short trade by market price recommended
July 9, 2019 9:47:41 AM
Forecast Details
PairXAUUSD
Direction
Sell
StatusClosed (1395.5)
-125 p
1,400.0
Stop Loss
1,387.5
Entry
+110 p
1,376.5
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 1
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Chart & Analyst Comments
- The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
- Take profit is set at the local price minimum.
- Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.