XAUUSD - Downward trend will continue, Short trade by market price recommended
September 9, 2019 6:37:01 AM
Forecast Details
PairXAUUSD
Direction
Sell
StatusClosed (1503)
-340 p
1,542.0
Stop Loss
1,508.0
Entry
+310 p
1,477.0
Target 1
About Author
Patrick Yang
Expert
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Total votes: 3
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Chart & Analyst Comments
- According to the present ratio of positions indicator, the market crowd believes in an upward movement. As a result, we should consider selling only.
- In this sideways movement, buying prevails in the market crowd. There seem to be a major player interest in a downward movement.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- Here is the crucial stop loss level to serve as a goal for our trading idea.