- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- Price broke through the MVP line and rushed down. We consider this a sign for further XAUUSD price decrease.
- The first target is at the level of the previous bottom - 4245, and the second one, in case of an active price decrease, is at the level - 4220
Chart & Analyst Comments
