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XAUUSD - Upward trend will continue, Long trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairXAUUSD
Publication Time7/10/24 9:41 AM
Direction Buy
Status Closed (2,385.0)
9:41
9:41
Jul. 10, 2024
Forecast
+130 p
2,385.0
Target 1
2,372.0
Entry
-120 p
2,360.0
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  3. We are setting Stop Loss for our Buy trade at the level with the lowest amount of stop losses of other market participants.
  4. The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 2385
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