XAUUSD - Downward trend will continue, Short trade by market price recommended
November 20, 2019 8:56:25 PM
Forecast Details
PairXAUUSD
Direction
Sell
StatusClosed (1463)
-100 p
1,482.5
Stop Loss
1,472.5
Entry
+110 p
1,461.5
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- For a while now, the Current Ratio indicator provides an opportunity for Short trade. We are using this signal as a basis for today’s trading forecast.
- The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
- Visually assessing the ratio of buyers and sellers, we see that retail buyers dominate on the market. This fact favors the Short Orders.