The market has stabilized, the first signs of a downtrend appeared
November 26, 2019 8:21:28 PM
Forecast Details
PairXAUUSD
Direction
Sell
StatusClosed (1453)
-140 p
1,467.0
Stop Loss
1,453.0
Entry
+140 p
1,439.0
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- 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.