Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

The market has stabilized, the first signs of a downtrend appeared

November 26, 2019 8:21:28 PM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (1,453.0)
Nov. 26, 2019

-140 p
Stop Loss
+140 p
Target 1
Chart & Analyst Comments
  1. 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.
  2. 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.
  3. MVP line is above the price and acts as a resistance level.
  4. 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.
    index: 1x 0.033786058425903s
t_/pages/forecast: 1x 0.030882835388184s
t_/common/header-new: 1x 0.019886016845703s
t_/common/head: 1x 0.016597032546997s
t_/common/footer-new: 1x 0.0026512145996094s
router_page: 1x 0.0015029907226562s
router: 1x 0.00076603889465332s
t_/popups/on-download: 1x 0.00053596496582031s
service-routes: 1x 0.00030279159545898s
router_redirection: 1x 0.00013208389282227s
t_/popups/zoom: 1x 1.3828277587891E-5s
----- END OF DUMP (2022-10-05 05:22:10)  -----