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" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  2. Take profit is set at the local price minimum.
  3. Stop loss is properly taken out of the buyers cluster. If the price passes it, it is very likely to go on.