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" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  2. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  3. We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.