In one of my recent posts, I wrote that Tdhj is in strong support. As you can see, there has been a breakdown. Only before you grow further, you will need to pass level 1.10. Most likely, you and I will see a return to support around 1.08. The existing growth by all indications is short-term and it is quite possible that in the medium term the price will move in...
Looking at the chart of gold I think that the growth of the last few days I think that this growth does not look like an impulse. Once again, I confess that I am not a wave specialist, but nevertheless I have some idea of wave analysis. I mean that this growth does not look like an impulse wave structure - where there are three driving waves and two corrective...
Calculated short-term support levels for you. In all likelihood, in the very near future, gold quotes will test support in the 1935 area. After a successful breakdown, the price may drop to the area of the previous local extremum in the 1915 area. This can happen quite quickly. Therefore, keep your finger on the pulse of events.
Gold quotes (apparently based on Redbook data) showed a new local maximum, which makes it possible to calculate technical levels. At the moment we have three resistance levels and two support levels. Resistance 3 - 1961.70 Resistance 2 - 1948.30 Resistance 1 - 1941.25 Support1 - 1907.40 Support 2 - 1900 The levels will remain in effect until a new extremum...
Now everyone is writing that the US dollar is overbought and that a correction is expected in the near future. Well, maybe it really is. On the charts of assets traded in pairs with the dollar, some suspension of movement is now very noticeable with a possible reversal not in favor of the dollar. The euro, like many others, also stopped at the support in the 1.08...
In my opinion, Brent oil quotes are preparing to decline, and in all likelihood the first target is $80 per barrel. There is a slight complication, which consists in the fact that it will make sense to open a sale only below the level of 81.50. If it is a confident breakdown, then everything is in order, but it may turn out that the bars will reach 80 only with...
Gold seems to be trying to catch up and win back lost positions. In my opinion, this doesn't work very well. As before, the main resistance is the level of 1926 and there is little time left to overcome this level. Everything looks like that buyers have already spent, if not all, then most of their resources and are about to start closing longs. If I'm right,...
Oil sellers are not yet able to push through the existing support zone so that the daily candle closes below the existing lows. Much more important for traders is that these attempts to decline can stretch for a very long time and eventually end with a rebound and then a local increase to the resistance level. And if that happens. then all the cards will be...
Yesterday's growth of gold, I will not hide, caused a number of emotions, but by the current moment there are no special impressions. Probably, the buyers still have strength left and not all of them have decided to close their short positions. I did not open a deal, and I think that some more time will pass before this can be done. Yesterday I wrote that I was...
Hi all! Today, gold quotes have passed the resistance line that I built a few days ago. Perhaps this will be a good continuation of growth. Now you should make sure that this is really a breakdown and wait for the price to consolidate at the reached heights. After that, you can already make purchases. This is, of course, a rather conservative and restrained...
Yesterday I published an idea in which I showed the current levels for Brent oil. Today it is clear that the support level has been passed. The level can be considered broken if today's daily candle closes below the August 3 low. If this does not happen, then we will wait for the next daily candle to close below today's one. It is then that we can expect a further...
Copper, in my opinion, undeservedly has low popularity in the trading community. I heard the opinion that there are few trading situations on the chart of this metal. I do not want to argue, but I think it depends on what angle we look at the chart from, and also on what trading methods we use. Recently, copper quotes bounced off the support level of 3.7. I think...
Brent oil - technical levels: Pivot point - 86.90 Support - 83.80
Today, we can say that the technical support levels that I wrote about earlier survived. And gold is already trying to get closer to the main level of 1903. In all likelihood, this task is not an easy one. Nevertheless, this is an ambitious goal, on the achievement of which much depends. Including for the author of this post - I really want to earn money))).
For 40 weeks now, Brent quotes cannot or do not want to leave the corridor between the levels of 70.83-86.32. And it looks like now the decline is possible to the lower limit. The nearest level that can provide resistance now is 84.40. I propose to pay attention to it, and after the breakdown, it is very likely that we will get the opportunity to open a sale.
On the weekly chart (which is not surprising), the movement of quotes in the period between the beginning of November of the current year and the current bar looks like an uptrend. A decline over the past 15 weeks as a normal correction in the region of 38.2%. With the decline pausing, I do not rule out a new low with a test of the lower Fibonacci fan speed line....
At the moment, with the technical levels for gold, the picture is as follows: Pivot point - 1903.50 Support 1 - 1888. Support 2 - 1880. The levels will be valid until the lows are updated or the pivot point is broken.
It looks like the decline in quotes has slowed down. I expect growth to the level of 1903.50. Perhaps there will be an attempt to breakdown. If the breakout is successful and quotes are able to gain a foothold above this level, then some further growth can be expected. In the event of a pullback, one can most likely expect a recurrence or renewal of the lows.