XAUUSD - the pair is about to leave the flat range

March 15, 2019 8:20:57 AM by Alexander Zorevyk
Forecast Details
PairXAUUSD
Direction Sell
StatusClosed (1292)
6:05
6:00
Mar. 15, 2019

-50 p
1,297.0
Stop Loss
1,292.0
Entry
+40 p
1,288.0
Target 1
Chart & Analyst Comments
XAUUSD - the pair is about to leave the flat range

For today's forecast, we recommend a sell order at the current market price. This idea is based on the following analysis:

  1. Analyzing the ratio of the trader positions, we see a formed signal that confirms our sell forecast.
  2. The dynamics of the Ratios indicator signals possible sells. Pay attention to the area marked on the image.
  3. The decrease in the volume of sellers, together with the increase in the volume of buyers, confirms the need to sell according to our trading idea.
  4. These stop losses of market participants coincide with the level of the previous low. This level will serve as the target for our trade.