EN

XAUUSD - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairXAUUSD
Publication Time10/16/19 6:50 AM
Direction Sell
Status Closed (1,490.5)
6:48
6:48
Oct. 16, 2019
Forecast
-100 p
1,490.5
Stop Loss
1,480.5
Entry
+105 p
1,470.0
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell XAUUSD.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
    index: 1x 0.066231966018677s
t_/pages/forecast: 1x 0.056659936904907s
t_/common/header-new: 1x 0.039407014846802s
t_/common/head: 1x 0.032188177108765s
t_/common/footer-new: 1x 0.0050420761108398s
router_page: 1x 0.0013210773468018s
router: 1x 0.0010809898376465s
t_/common/cookie-banner: 1x 0.00083303451538086s
t_/popups/on-download: 1x 0.00068187713623047s
service-routes: 1x 0.00043892860412598s
t_/blocks/sidebar-afil: 1x 0.00039196014404297s
router_redirection: 1x 0.00028705596923828s
t_/popups/zoom: 1x 2.0980834960938E-5s
----- END OF DUMP (2025-02-05 12:50:02)  -----