aleksandr_shirin

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.

aleksandr_shirin

Oil has a good chance of rising to new heights. At the moment, there are only two obstacles - resistance levels 94.30 and 96. Both resistance levels could be critical for long-term growth. Support at the moment is level 92. In general, this existing support and resistance will determine further price behavior.

aleksandr_shirin

At the moment, the technical picture is as follows: after stopping at the level of 1915, gold, without desire and without enthusiasm, rises in small steps in search of the next resistance level. The nearest resistance is located at 1930.50. The support level remains the same at 1915. For now, you can relax, stock up on popcorn and wait for the next moment that...

aleksandr_shirin

Not long ago I wrote a review of the chart in exactly this form. And now I want to return to it again and draw your attention to some important nuances. An ascending Fibonacci fan is plotted on the chart. It is obvious to the naked eye that the fan lines were clearly taken into account in the price behavior. It is also clear that the first and second were unable...

aleksandr_shirin

The intermediate goal of 1915 was achieved. Here, many short positions were closed. By the way, my sales, which I wrote about earlier, also closed here with a small profit. Now everyone needs to gather their strength. I think there may be some local upward movement after the (possible!) breaking through the level of 1920. Next, most likely, there will be some...

aleksandr_shirin

Gold encountered support near the 1925 level. If within the next 2 hours gold quotes pass the resistance of 1930.50, an increase to approximately 1940 will be possible.

aleksandr_shirin

Currently, gold quotes are between two local levels. Support is the level of 1927.89. It is still far away, but nevertheless, a breakdown of this level can seriously affect the current picture. After this breakdown, it will be possible to say that in the medium term the fate of the asset is already predetermined. The role of resistance now belongs to the level of...

aleksandr_shirin

There appears to be a huge gap in knowledge and experience on Wall Street. The last time American finance operated in an environment of high inflation and high interest rates, like the current economy, was almost 40 years ago. This means that most of today's executives, who came in during the era of easy money, are unfamiliar with the complexities of running a...

aleksandr_shirin

All attempts by gold to rise from the end of June to today failed to achieve any significant success. Today, too, immediately after the publication of data on retail sales in the United States, quotes clearly fell towards the recently passed level of 1930. Of course, we all analyze trends differently and form an assessment of trends, but when assessing the...

aleksandr_shirin

The euro/dollar pair is now heading towards another test of the 1.0640 level. It looks like the release of US retail sales data was the trigger for this movement. At the same time, it looks like 1.0670 could become an intermediate barrier to the fall. At the moment, there are no fundamental data to support the euro in its current positions.