XAUUSD - Downward trend will continue, Short trade by market price recommended

November 20, 2019 8:56:25 PM by Alexander Zorevyk
Forecast Details
PairXAUUSD
Direction Sell
StatusClosed (1463)
20:52
20:52
Nov. 20, 2019

-100 p
1,482.5
Stop Loss
1,472.5
Entry
+110 p
1,461.5
Target 1
Chart & Analyst Comments
XAUUSD - Downward trend will continue, Short trade by market price recommended
  1. 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.
  2. 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.
  3. Visually assessing the ratio of buyers and sellers, we see that retail buyers dominate on the market. This fact favors the Short Orders.