UnknownUnicorn35464798

UnknownUnicorn35464798

As expected, the index did not choose the path directly and waited a little. It should be noted that quotes are now approaching the level of 4470, above which, in all likelihood, there is a growth zone. A break of 4470 could be a good end to this trading week.

UnknownUnicorn35464798

Everything is almost as planned. At the beginning of today - early in the morning, the level of 1926 was tested and due to the shortage, the test was not crowned with any success. There is currently local support under the price at the level of 1915. In the near future, 1915 must be broken through at all costs. It is at this level that more active sales will begin.

UnknownUnicorn35464798

Gold is slow to fall. Personally, I have no doubt that the decline will continue. There are even thoughts that it may continue below 1900. Now there is a possibility of a return to 1926, and only then down again. It's a risky guess, but I think if 1900 doesn't hold up, then 1700 will be the next big hurdle. Let's just call it a guess, not a prediction, for now,...

UnknownUnicorn35464798

Based on the fact that over the past two days there have been two unsuccessful attempts to pass level 91 (it is quite possible now there will be a third attempt), I assume that brent oil will be under pressure in the near future. In all likelihood, at the level of 91, large players closed long positions, and in this case, they probably did not even think about...

UnknownUnicorn35464798

My previous forecast for the SP500 seems to be justified. The quotes have reached the calculated level and the rebound is already brewing. A little above the current price, there is resistance near the level of 4470. I think with more confidence you can open buys over it. If you buy now, then there is a risk of hanging in the market until the moment when 4470 is passed.

UnknownUnicorn35464798

The SP500 index after reaching the next high began to correct. Most likely, the target of the correction is located at the level of 4440, after which there is every reason to expect continued growth. In the longer term, the index quotes tend to reach the maximum of 2021 at the level of 4800. Most likely, we will see quotes at this level next year.

UnknownUnicorn35464798

The world's second-largest economy is struggling with growing financial difficulties, which means big trouble for the country's nearly $3 trillion shadow banking industry. Chinese households are spending less, factory production is falling and businesses are investing more slowly than last year. Youth unemployment has skyrocketed so much that Beijing has decided...

UnknownUnicorn35464798

Everything looks really as if the buyers were going to accelerate to 90, and maybe even higher. But I have some doubts and have not made any purchases yet. I prefer to focus on the classics. And I didn’t see the classic test of the recently completed level. Therefore, I doubted. Of course, it is possible that it will only be in the near future. The probability of...

UnknownUnicorn35464798

At the moment, gold quotes are at the extreme support level of those that I calculated yesterday. It seems that few people managed to believe in the growth of the metal and sales continued with renewed vigor. According to the classics, it would be best to wait for a rollback up and enter sales after the breakdown of the existing low. What I propose to do in the...

UnknownUnicorn35464798

Today, I was already expecting some more tangible news on the oil chart. But for now, we can say they are not at all. In the current conditions, I suggest focusing on technical levels: Resistance 3 - 91.77 Resistance 2 - 90.34 Resistance 1 - 89.60 Pivot point - 88.17 - the price is now just above it, and perhaps after its breakdown, we can expect a further...

UnknownUnicorn35464798

As another reference point, I suggest using the resistance line built at the high of July 31 and September 1. At the moment, the high of July 31 is the limit level for growth. Overcoming this level in the coming days can be regarded as a serious bid for growth. At the same time, the appearance of a new low without updating the high will indicate the intention to...

UnknownUnicorn35464798

I think that the maximum on the gold chart, formed on September 1, is either the last or one of the last, and as I wrote in one of the previous posts, most likely we will see another test of support in the 1900 area. Based on the last local maximum, I calculated the support levels and resistance: Resistance 3 - 1970.40 Resistance 2 - 1961.70 Resistance 1 -...

UnknownUnicorn35464798

Well, it looks like they waited - yesterday the oil quotes passed the resistance level and today they continued their (possibly!) victorious march. But I ask you to be patient. The quotes have not yet left the sales area and making deals to buy is still very risky. According to the classics, now the support level should become the resistance level. When we see it...

UnknownUnicorn35464798

I decided to ask chatbot Bard about gold price forecast. Here is what he replied: Based on the analysis of the gold chart and macroeconomic factors, I make the following forecast for September 2023: The price of gold will be in the range of 1700-2000 dollars per ounce. In the short term, until the end of August 2023, the price of gold will be under pressure...

UnknownUnicorn35464798

Just yesterday, I wrote that the Euro would not stay at the levels it occupied and sales would begin. It's nice to see how my predictions are realized (and not for the first time)))). Now seriously. The currency pair is really under pressure. Now it is very difficult to make a forecast to what level the decline may continue. Most likely tomorrow there will be more...

UnknownUnicorn35464798

Sellers seem to be starting to pick up activity in the gold market, and they decided to start by testing support around 1940. I drew a blue dotted support line on the chart. Most likely in the near future the price will rise above this line. If the movement continues and the level of 1935 is broken, then the price will have every chance to fall even lower. For...

UnknownUnicorn35464798

Brent oil is the second time in five weeks to the upper limit of the global corridor. Of course, there are quite a number of buyers on the market. And it seems that there are more and more of them, because during these 5 weeks, the forces of buyers released the quotes down very close to the current levels. What can not be said about April 2023, when after the...

UnknownUnicorn35464798

As everyone knows, China is one of the largest consumers of copper. And it is the demand for copper from China that largely forms the market for this metal. For some time now, demand has fallen sharply and pushed copper quotes down. Copper is a very interesting trading instrument. That's just to sell more in all likelihood, if you have to, then only on very short...