COSMOS4U AdMACD Indicator under 9, 88, 6 parameters given by COSMOS4U technical analysis research department, generated a corrective sell signal for XAUUSD spot price in H1 timeframe (19 JUN 2017 05:00 AM UTC) due to trend reversal. The previous position closed with -0.04% loss.
The sell signal is weak because the crossover has taken place below the zero line, thus determining the prevailing market trend.
The moving average MA(6) hourly volume is above the MA(9) hourly volume, so the confirmation signal, given by COSMOS4U Volume Indicator, is strong. The difference between the Bull and Bear Volumes for the last 9 hours is bearish.
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