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

July 23, 2019 10:13:29 AM by Alexander Zorevyk
Forecast Details
PairXAUUSD
Direction Sell
StatusClosed (1429)
10:08
10:08
Jul. 23, 2019

-110 p
1,429.0
Stop Loss
1,418.0
Entry
+110 p
1,407.0
Target 1
Chart & Analyst Comments
XAUUSD - Downward trend will continue, Short trade by market price recommended
  1. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  2. The Profit Ratio indicator is not responding to a downward movement, this means that the movement is valid.
  3. We are setting the take profit of our order to the closest level with a large number of stop orders.