Yuriy_Kuznetsov

Yuriy_Kuznetsov Updated 

My goal from the beginning of August are achieved of the short positions (watch the previous ideas). Now divergence on gold which speaks about need of correction was created. Possibly the price will test strong level 1680 from below. However, medium-term the direction did not change down. As the medium-term purpose according to Fibonacci level about 1560 where...

Yuriy_Kuznetsov Updated 

I congratulate all who followed my idea of August 09! The first objectives 1680 are achieved. Level 1650-1635 was the second purpose. In case this level does not resist, then I will open the short position already with the new purposes again. I will remind that level 1635 is level according to Fibonacci from correction. Information provided is only educational...

Yuriy_Kuznetsov Updated 

I continue to hold the short position beginning of 1786 according to my idea of August. The purpose of this movement will be level 1650-1635. The stop at the level of support of 1680 is also possible. Technical indicators also confirm it. Information provided is only educational and should not be used to take action in the market.

Yuriy_Kuznetsov Updated 

Yes, as I repeatedly specified, gold will continue to decrease. The first purpose for decrease is the minimum (support) from which the price many times jumped aside - it is level 1680. In case the price overcomes this level, then it is possible to wait for decrease to 1635-1650. Information provided is only educational and should not be used to take action in...

Yuriy_Kuznetsov Updated 

According to my idea of August 09 the price will continue decrease to the level of support 1680. In case of overcoming this level down level 1650-1635 will act as the purpose (that is one of levels according to Fibonacci). Earlier the price returned to a downside channel and continued the movement down. Therefore I continue to hold the short position. The idea...

Yuriy_Kuznetsov Updated 

My idea of August 09 remains in force. Apparently on the chart the price punched a triangle down and can continue the movement down. The first purpose of decrease is support at the level of 1680. The purpose according to Fibonacci will be 1650-1635 from where correction or even a turn is possible. Information provided is only educational and should not be used...

Yuriy_Kuznetsov Updated 

The decrease purposes on gold 1680 and 1650-1635. I designated these purposes still on August 09 and I continue them to adhere. Earlier I specified that gold created a triangle and further punched it down. Then occurred retest from below and the movement amplified down. The next support is located about level 1680. However, According to the purposes according to...

Yuriy_Kuznetsov Updated 

Earlier gold achieved my first objectives 1680. Further there was a breakdown of this support down and retest level from below. Now I expect price movement to my second purpose (of August 09) - to level 1635-1650. Information provided is only educational and should not be used to take action in the market.

Yuriy_Kuznetsov Updated 

Price of gold could not be fixed higher than the level of resistance 1750. Therefore my idea from the beginning of August remains in force. The price will continue the movement to strong support 1680. However, I consider that level 1650-1635 will act as the purpose of falling (according to Fibonacci on the week chart). Information provided is only educational...

Yuriy_Kuznetsov Updated 

In the idea of August 09, I pointed that correction approaches end and level 1650-1635 will act as the purpose of decrease. The idea remains in force. Recently the price punched the significant level of support 1730 down. The price moves to the last minimum at the level of 1680 and now further to 1650. Information provided is only educational and should not be...

Yuriy_Kuznetsov Updated 

In the previous idea, I indicated that gold would continue to correct to the upper channel line, and it did. A small increase to 1800-1805 is also possible. This leel is resistance. Later on, a return to the decline is more likely, as the medium-term target around 1650-1635 has not been fulfilled. Information provided is only educational and should not be used...

Yuriy_Kuznetsov

The goal of my previous idea has been achieved. Earlier, the price reached resistance at 1750. After that, the price was able to consolidate above this level. Therefore, I expect the upward movement to continue to the next resistance 1800-1805, where the border of the descending channel also passes. In the medium term, a return to the downtrend is more...

Yuriy_Kuznetsov

Level 1680 is important as the price beat off it several times on the weekly chart. It will be probable later it is also punched down. But in the nearest future correction to the level of resistance 1750 is more probable. All technical indicators already on a limit, the price moves turtle steps. Information provided is only educational and should not be used to...

Yuriy_Kuznetsov

On the chart the figure the head and shoulders was formed. The movement means down it is not graduated yet, despite strong oversold. Information provided is only educational and should not be used to take action in the market.

Yuriy_Kuznetsov

I also as well as many waited for level 1680, but at the price it is visible that there will be a correction. Level 1680 will be surely reached, but not now. There is already nobody already nobody to sell in the market. I think, us waits for a start to level 1736, then for 1750. Information provided is only educational and should not be used to take action in the market.

Yuriy_Kuznetsov

Price of gold goes to monthly support at the level of 1680 where it is necessary to watch reaction of buyers attentively. At this level perhaps consolidation, or even correction of the price. Important level of resistance is level 1850-1853, the next resistance at the level of 1836. Information provided is only educational and should not be used to take action...

Yuriy_Kuznetsov

Earlier I wrote that the following purpose 1677, but having looked at the schedule it becomes clear that this monthly level of support will not resist. Therefore as the falling purpose the following level of Fibonacci 1637 acts now! Information provided is only educational and should not be used to take action in the market.

Yuriy_Kuznetsov

Now any attempts of growth will be pressed through by sellers to support level on the monthly chart - 1680. Then correction will possibly follow. While the price remains lower than 1753, the short-term trend will remain descending. The next resistance is 1736. Information provided is only educational and should not be used to take action in the market.