XAUUSD - Downward trend will continue, Short trade by market price recommended
July 23, 2019 10:13:29 AM
Forecast Details
PairXAUUSD
Direction
Sell
StatusClosed (1429)
-110 p
1,429.0
Stop Loss
1,418.0
Entry
+110 p
1,407.0
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- We are setting the take profit of our Sell Order to the closest level with a large number of stop losses.