Oil prices slipped o...Kary_K님의 글

Oil prices slipped on Monday as traders waited for more rate hike signals from US and European central banks, although supply cuts and hopes for stimulus from China keep Brent at $80 a barrel. Investors are looking for a quarter-point rate hike by the Federal Reserve and the European Central Bank this week, so the focus will be on what FRS Chairman Jerome Powell and ECB President Christine Lagarde have to say about future rate hikes.

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The gold market is in uncertainty. Recently, uncertainty has taken over the market. There are now more than enough uncertainty factors after the publication of the August employment report in the United States, judging by which, the Federal Reserve System (FRS) will not raise interest rates on September 20, but will not rule out the possibility of one more, and maybe two rate hikes before the end current year. The market now needs to get out of this same $15 wide range to get a new direction. The bears definitely need to achieve a breakout below the $1,915 support, while the bulls need a clear break above the $1,930 resistance. Of course, there is no doubt that gold will go up. Necessarily. Only after it goes down.

Kary_K

I haven't waited for a long position since yesterday. I must admit, I did not expect a breakdown of the level of 1.08. Below is the nearest support level of 1.067 and it looks like it's too late to sell now. Further, it will already be 1.05, and if sales do not stop here, then we will reach 1.0. Have a nice flight everyone.

Kary_K

Remember yesterday that she boasted that she opened a sale on gold? You can gloat a little - I'm in a drawdown). The situation is certainly not critical, but quite unpleasant. I don't always stop. It happens that if I see a drawdown, then I open a position in the opposite direction and the loss is not so large, and then when (and if) a movement begins in the direction of a losing trade, then I open in better conditions. I didn’t do anything extra here. So far there is only one trade with a loss. For now, I still think that the downward movement will soon resume. From the technical point of view, I noticed that level 1930 was tested once again, and it doesn’t seem to be amenable. Have a good weekend. Bye bye!!!

Kary_K