XAUUSD - Downward trend will continue, Short trade by market price recommended

September 9, 2019 6:37:01 AM by Patrick Yang
Forecast Details
PairXAUUSD
Direction Sell
StatusClosed (1503)
Start
End
Sep. 9, 2019
Sep. 16, 2019

-340 p
1,542.0
Stop Loss
1,508.0
Entry
+310 p
1,477.0
Target 1
Chart & Analyst Comments
XAUUSD - Downward trend will continue, Short trade by market price recommended
  1. According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.