XAUUSD - the pair is about to leave the range of flat

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 range of flat

For today's forecast, we recommend a Sell Order at this recommended market price - 1292. This idea is based on the following analysis:

  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Sell Order.
  2. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
  4. These accumulation of retail traders stop losses coincide with the level of the previous low. This level will serve as the target for our trade.