EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairXAUUSD
Publication Time7/23/24 8:26 AM
Direction Sell
Status Closed (2,416.0)
8:26
8:26
Jul. 23, 2024
Forecast
-170 p
2,416.0
Stop Loss
2,399.0
Entry
+160 p
2,383.0
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  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. The trade is aimed at the previous low breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 2383
    index: 1x 0.045167922973633s
t_/pages/forecast: 1x 0.042119026184082s
t_/common/header-new: 1x 0.027695178985596s
t_/common/head: 1x 0.022567987442017s
t_/common/footer-new: 1x 0.0035760402679443s
router_page: 1x 0.0017709732055664s
t_/popups/on-download: 1x 0.00095582008361816s
router: 1x 0.00068902969360352s
t_/common/cookie-banner: 1x 0.00063800811767578s
service-routes: 1x 0.0002899169921875s
t_/blocks/sidebar-afil: 1x 0.00022792816162109s
router_redirection: 1x 0.00012803077697754s
t_/popups/zoom: 1x 2.3841857910156E-5s
----- END OF DUMP (2024-12-21 17:10:12)  -----