Gold may reach 1282.5 within the current day

March 29, 2019 8:35:00 AM by Alexander Zorevyk
Forecast Details
PairXAUUSD
Direction Sell
StatusClosed (1292)
6:03
6:00
Mar. 29, 2019

-50 p
1,292.0
Stop Loss
1,287.0
Entry
+45 p
1,282.5
Target 1
Chart & Analyst Comments
Gold may reach 1282.5 within the current day
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is buying, we should consider sticking to Sell Orders.
  2. Market sentiment provides mixed data, but the key brokers signals for Sell order.
  3. The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  4. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  5. We are focused on the breakdown of the previous bottom, the target at the level of 1282.5.