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 Time12/18/24 8:10 AM
Direction Sell
Status Closed (2,632.0)
8:10
8:10
Dec. 18, 2024
Forecast
-100 p
2,653.0
Stop Loss
2,643.0
Entry
+110 p
2,632.0
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. According to the most brokers’ data, more than half of the traders are currently in long positions on XAUUSD. As a result, we recommend considering only Short trades at this time.
  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. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. The trade is aimed at the previous low breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 2632
    index: 1x 0.04535698890686s
t_/pages/forecast: 1x 0.042140007019043s
t_/common/header-new: 1x 0.028898000717163s
t_/common/head: 1x 0.020370006561279s
t_/common/footer-new: 1x 0.0033841133117676s
router: 1x 0.0012331008911133s
router_page: 1x 0.0010359287261963s
t_/popups/on-download: 1x 0.00063490867614746s
t_/common/cookie-banner: 1x 0.00059819221496582s
service-routes: 1x 0.00052213668823242s
router_redirection: 1x 0.00029897689819336s
t_/blocks/sidebar-afil: 1x 0.00019979476928711s
t_/popups/zoom: 1x 1.9073486328125E-5s
----- END OF DUMP (2025-04-18 22:33:04)  -----