- According to the most brokers’ data, more than half of the traders are currently in long positions on XAUUSD. As a result, we recommend considering only Short trades at this time.
- The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
- MVP line is above the price and acts as a resistance level.
- In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
Chart & Analyst Comments
![main-sell-trend-2](https://fxssi.com/images/forecasts/forecast-36c2c16ecf46b9b28cc9e3fe71dc99e3.jpg)