aleksandr_shirin

aleksandr_shirin

Yesterday's forecast for a decline in oil prices came true. After the breakdown of the support level, the quotes went down, but did not reach the target. Nevertheless, I believe that the forecast can be considered successful in view of the presence of a clear opportunity to close the deal with a profit.

aleksandr_shirin

The pair has been showing new lows in recent days, but closing prices of daily candles still do not cover these lows. I think this is due to the approach to support, which was confirmed at the beginning of the previous month. Regarding eur/usd, I also have a desire to find a good place to buy. But for now, I think we need to wait until the quotes mark again at 1.0850.

aleksandr_shirin

Gold is not doing as well as many would like. Just passed the mark of 38.2% of the previous growth from the low of September 2022 to the high of April 2023. It is still too early to hurry with forecasts. I think there is still time, and the main, decisive movements will take place in the next two weeks. The fan of high-speed Fibonacci lines indicates that there is...

aleksandr_shirin

Oil seems to be stuck in the corridor. At the moment, support is the level of 84.40. After the breakdown of this level, there is a possibility of quotes dropping to 83.40.

aleksandr_shirin

Hello! Calculated for you technical levels for gold. Support remains at the level of 1900. The level can be considered broken if the daily candle closes below the level. The following are the technical levels: Support 1 1895.27 Support 2 1887.80 Technical pivot point 1908.81. Technical levels will be valid until the minimum is updated. Technical levels...

aleksandr_shirin

Whether the Fed raises rates in September or not is no longer important. I want to share with you another interesting news. The bottom line is that a possible increase in the Fed's rate in September against the background of the fact that it has already been raised by 500 basis points - there will be no significance and no impact. The fact is that there is an...

aleksandr_shirin

At the moment, we have a resistance line from the high of April 18, 2022, drawn through the high of January 18, 2023. Most likely, it will become the first milestone that will have to be overcome before the start of growth.

aleksandr_shirin

I calculated the key resistance line for gold - this is the line between the highs of the price on July 27 and July 31. I think that the breakdown of this line will be the end of the downward movement.

aleksandr_shirin

Brent oil is testing support at 86.32. I think the price will pass it and go further - perhaps to the level of 83.30.

aleksandr_shirin

On the gold chart, little has changed over the past day. I think in the coming days the resistance zone 1929-1932 will be tested.

aleksandr_shirin

The most important expenditure items that now continue to influence inflation the most are service prices, which are slightly more than 6% year on year, transportation of goods - 9%, food in cafes and restaurants has risen in price by 7% with a little. The deterrent for inflation turned out to be - medical expenses - decreased by 1.5%, fuel prices decreased -...

aleksandr_shirin

So far, everything looks as if the strength of the downward momentum is running out. I cautiously assume that the metal needs to pass the 1929 - 1932 zone, after which it will be possible to grow further.

aleksandr_shirin

The previous forecast for Brent oil was justified - the support of 86.35 was confirmed and the quotes updated the maximum. Perhaps the price will again approach this mark in order to re-test.

aleksandr_shirin Updated 

One of the main intrigues of these days is tomorrow's report on the consumer price index in the US. As we all remember, among the reasons for raising the rate were the following - unbridled employment growth, high wages, as well as the cost of maintaining the economy during the coronavirus pandemic. What we have now is only high wages and a relative increase in...

aleksandr_shirin

Support in the 1923 area seems to justify its name and now after overcoming the level of 1926.60 further growth is possible until 1932.

aleksandr_shirin

Brent oil updated the previous maximum. It has not gone far yet, and now further prospects are being determined. The support at 86.32 is likely to be tested in the near future. If it holds up, further growth will be possible.

aleksandr_shirin

Indeed, in my opinion, it also cannot be said that we are dealing with a downtrend on the gold chart. But nevertheless, all the levels, the overcoming of which could mean a return to the upward movement, were unattainable. And now it seems that the price has the strength for another impulse. To do this, you need to overcome the level of 1922.95. After that, it...

aleksandr_shirin

I read an interesting article from the analysts of one of the investment banks, and now I will share with you what is written in it. Based on the data obtained, they draw different conclusions.At the end of July this year, they saw another high of client long positions in gold, and that's when the downward movement began.Here it is necessary to clarify - these...