GOLD, SILVER, WTI | 09 October 2020

• GOLD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1941.50-1949.70. At the moment, the GOLD is trading lower, indicating the strength of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1892.50-1895.90. At the moment, the GOLD is trading higher, indicating the strength of buyers.


• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 02.10.2020.


• Quotation of the higher boundary of the zone 1/4–1891.70.


• Quotation of the higher boundary of the zone 1/2–1865.40.


• Intraday objectives: update the highs from 02.10.2020–1918.22.


• Medium-term objectives: test the lower bound of WCZ–1950.62.GOLD, SILVER, WTI


• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.


• Buy: 1865.40-1891.70, Take Profit 1–1918.22, Take Profit 2–1950.62.




• SILVER


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 26.700-27.200. At the moment, the SILVER is trading lower, indicating the strength of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 27.382-27.512. At the moment, the SILVER is trading higher, indicating the strength of buyers.


• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 29.09.2020.


• Quotation of the higher boundary of the zone 1/4–23.658.


• Quotation of the higher boundary of the zone 1/2–22.908.


• Intraday objectives: update the highs from 29.09.2020–24.408.


• Medium-term objectives: test the lower bound of WCZ–24.673.GOLD, SILVER, WTI


• Trading recommendations: buys from the range of favorable in the formation of a reversal pattern.


• Buy: 22.90823.658, Take Profit 1–24.408, Take Profit 2–24.673.




• WTI


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 39.900-40.200. At the moment, the WTI is trading lower, indicating the strength of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 39.900-40.100. At the moment, the WTI is trading lower, indicating the strength of sellers.


• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 02.10.2020.


• Quotation of the lower boundary of the zone 1/4–38.145.


• Quotation of the lower boundary of the zone 1/2–39.515.


• Intraday objectives: update the highs from 02.10.2020–36.791.


• Medium-term objectives: test the higher bound of WCZ-36.381.GOLD, SILVER, WTI


• Trading recommendations: sells from the range of favorable in the formation of a reversal pattern.


• Sell: 38.145-39.515, Take Profit 1-36.791, Take Profit 2-36.381.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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