XAUUSD - Upward trend will continue, Long trade by market price recommended
June 19, 2019 10:53:25 AM
Forecast Details
PairXAUUSD
Direction
Buy
StatusClosed (1352)
+100 p
1,352.0
Target 1
1,342.0
Entry
-100 p
1,332.0
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 5
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Chart & Analyst Comments
- 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.
- 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.
- MVP line is below the price and acts as a support level.
- 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.