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

June 19, 2019 10:53:25 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (1,352.0)
Jun. 19, 2019

+100 p
Target 1
-100 p
Stop Loss
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy 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 for a continuation of the uptrend.
  3. MVP line is below the price and acts as a support level.
  4. In the left orderbook, 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 take profit according to our forecast.
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