Will it be 1900 agai...Aleksandr Shirin님의 글

Will it be 1900 again? After the publication of the FOMC minutes, gold quotes began to retreat. And I have a hunch that with the US labor data scheduled for today, the XAU will again try to test the support at 1903. A Low update on June 29 is also possible, if so, the resistance levels will be recalculated. I hope this will be the last test of support before the start of growth. Of course, nothing can be ruled out, and before buying, you need to assess the current situation with a share of reasonable criticism.

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EUR is on the way to the next test of 1.0640. 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.

Aleksandr Shirin

Nonlinear solutions to linear complexities. I want to share with you one of my finds. Some time ago, a friend of mine recommended paying attention to nonlinear indicators. Unfortunately, I didn’t find such indicators here and I don’t know if they exist yet. And if there is, I don’t know how to distinguish them from others. As it turns out, there are quite a large number of nonlinear indicators. Their main functional difference is that they look smoother and are excellent at generating trading signals. They work even better with some classic ones - for example, moving averages. Of course, I know that I am not revealing any secret to you, and it is quite possible that you are better acquainted with them than I am. But if you have never dealt with them, I highly recommend giving it a try.

Aleksandr Shirin

XAU - technical profile. 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 1937.36. If it is passed, then buyers will be able to push the price of gold up to 1950. To be honest, I would not like to see such a scenario since I have an open position to sell.

Aleksandr Shirin