aleksandr_shirin

aleksandr_shirin

Hi all! To effectively assess the current dynamics of gold prices, you need the following: - A very significant role will be played by the support line held at least on March 25 and 26. A confident breakout along this line could send quotes down, perhaps to the level of 2150. In the near future, I will carry out a reduction taking into account this line. - The...

aleksandr_shirin

Hi all! We still haven't seen new highs from gold, and it looks like the bulls are running out of strength. Most of the long positions were closed, but no other long positions were opened. In the near future, the support level of 2001.90 (minimum January 17) will be tested. I can’t say yet, but there is a high probability that this level will be broken and then...

aleksandr_shirin

In the near future, we will witness how investors and speculators will manage the future prospects for gold prices. Of course, the most significant, psychologically significant level is the 2000 level. But before the quotes reach 2000, there will be a slight struggle for the 2006 level, and it is there that most likely it will be possible to conclude another...

aleksandr_shirin

The support line built in one of the previous posts apparently lived up to its name. Now a reasonable question arises: to what level can growth continue? In my opinion, it makes no sense to think too far ahead yet. Before breaking through really high, quotes need to get to the 2070 level, and ideally, of course, overcome it. Then it will be possible to talk about...

aleksandr_shirin

After the end of yesterday, on the gold chart you can confidently draw a support line at the minimum of December 13, 2023 and January 8, 2024. I recommend taking any price convergence with this line as an opportunity for purchases. Testing is possible in the very near future.

aleksandr_shirin Updated 

Gold began to realize the downward potential accumulated after December 4. The furthest target for a decline in quotes, in my opinion, may be the level of 1970. In the short term, the level of 2060 plays the role of support, then a decline is possible by 2050 and 2030. At the level of 2030 we will see some consolidation, followed by a breakdown of 2030 and a...

aleksandr_shirin Updated 

In my opinion, gold’s growth has begun to fizzle out, and it’s time to go down. The nearest support level is located at 2057.50. I think there is a fairly high probability that it will be passed. And if so, then the quotes may drop to the next level of 2047. I wish everyone not to miss profitable trades.

aleksandr_shirin

I looked on quikstrike and this is what I saw. There have been some changes here in recent days. Namely, Most sellers consider the key support level to be 1925. On my chart, I get the latest support at the level of 1932. We are closely monitoring this level. Most likely, it will be the second time in a month that there will be a cancellation from him. As for...

aleksandr_shirin Updated 

I want to share with you information on support levels for gold quotes. According to my calculations, there were several levels: Support 1 - 1987. Support 2 - 1965. Support 3 - 1955. It may well turn out that we will still have the opportunity to make a sell transaction since there is still room for movement to the lowest support. I should note that an analysis of...

aleksandr_shirin

Gold quotes encountered support at the level around 1937. By the way, the Fibonacci correction level 38,2 from the impulse that began on October 6 is located here. Now you can observe soft testing of the level. If buyers become active here, then there will be a good opportunity to make money.

aleksandr_shirin

Currently there is a struggle for the level of 1921.50. Gold needs to rise above this level and stay above it. It will be better if this happens in the next two hours. After exceeding this mark, further growth can be expected, quite possibly until 1950.

aleksandr_shirin

At the moment, there is no visible presence of significant forces that could contribute to the growth of gold prices. Perhaps they do not exist yet and they will appear in some future. For further growth, gold needs to decisively overcome the resistance at 1880. At the same time, there is less strong support at 1860.33, which is already being tested as I write...

aleksandr_shirin

After the almost non-stop fall in recent days, some growth may be quite logical. The gold chart already shows key resistance, which is located around the 1833.35 level. In the near future, I think it makes sense to expect it to be tested at a price. If testing is successful and it is possible to break through the level, then some further growth will be possible....

aleksandr_shirin

After a rapid decline, gold is consolidating and has already tested the resistance level of 1879. The test was unsuccessful. I think we can wait for retesting (which most likely will happen) and there will even be an opportunity to go long, and if everything goes as it is seen now, then there is a chance to visit level 1900 again. Peace and goodness to everyone!

aleksandr_shirin

Yesterday we observed a breakdown of important support. There is currently a downward movement on the chart. But it will most likely end for some time at the level of 1889. So, if there are open sales, it is best to close them there. Everyone most likely has different quotes, so we focus on the area of minimums on August 21-22.

aleksandr_shirin

Gold quotes have come up and are already testing the next support at 1909.80 with all their might. After a breakout, you can open a sale. You can take profits in the area of the previous minimum in the area of 1900, but in all likelihood there is a chance to reach 1880. The current support of 1909 is now important because the last lower line of the Fibonacci fan,...

aleksandr_shirin

Brent oil is stuck in a narrow corridor, but there is also money to be made here. It looks like the quotes are now moving away from the support level. If the rebound takes place, we will take profits around level 94.

aleksandr_shirin

Hello! Gold quotes came very close to support. The next support is at level 1909. If the level of 1915 is broken, quotes may drop to 1909. If support holds, growth to resistance 1927 is possible.