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

June 19, 2019 10:53:25 AM by Alexander Zorevyk
Forecast Details
PairXAUUSD
Direction Buy
StatusClosed (1352)
10:48
10:48
Jun. 19, 2019

+100 p
1,352.0
Target 1
1,342.0
Entry
-100 p
1,332.0
Stop Loss
Chart & Analyst Comments
XAUUSD - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect a downward movement. In this case, we recommend standing aside with short trades. Long trades only.
  2. There is an increase in the number of bears on the downward movement, followed by correction. We consider this movement as a trap for sellers and look forward to a continued upward movement.
  3. MVP line is below the price and acts as a support level.
  4. We see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing our take profit according to our forecast.