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

October 21, 2022 12:18:33 PM by Alex Zarevich
Forecast Details
PairXAUUSD
Direction Sell
StatusClosed (1,631.0)
12:18
12:18
Oct. 21, 2022

-100 p
1,631.0
Stop Loss
1,621.0
Entry
+100 p
1,611.0
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on XAUUSD. As a result, we recommend considering only Short trades at this time.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. MVP line is above the price and acts as a resistance level.
  4. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 1611
    index: 1x 0.034502029418945s
t_/pages/forecast: 1x 0.031527996063232s
t_/common/header-new: 1x 0.020498991012573s
t_/common/head: 1x 0.016633987426758s
t_/common/footer-new: 1x 0.0026519298553467s
router_page: 1x 0.0016109943389893s
router: 1x 0.00073003768920898s
t_/popups/on-download: 1x 0.0005180835723877s
service-routes: 1x 0.00029706954956055s
router_redirection: 1x 0.00012993812561035s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2022-11-30 02:55:11)  -----