GOLD, SILVER, WTI | 16 October 2020

• GOLD

• Long-term trend: temporary uncertainty. 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.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1880.90-1885.70. 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 12.10.2020.

• Quotation of the higher boundary of the zone 1/4–1907.33.

• Quotation of the higher boundary of the zone 1/2–1881.03.

• Intraday objectives: update the highs from 12.10.2020–1933.53.

• Medium-term objectives: test the lower bound of WCZ–1950.13.

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

• Buy: 1881.03-1907.33, Take Profit 1–1933.53, Take Profit 2–1950.13.

• SILVER

• Long-term trend: temporary uncertainty. 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.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 23.700-23.850. 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 12.10.2020.

• Quotation of the higher boundary of the zone 1/4–23.629.

• Quotation of the higher boundary of the zone 1/2–23.879.

• Intraday objectives: update the highs from 12.10.2020–25.379.

• Medium-term objectives: test the lower bound of GWCZ–26.159.

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

• Buy: 23.879-23.629, Take Profit 1–25.379, Take Profit 2–26.159.

• WTI

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 40.300-40.550. Currently, the WTI is trading within the specified range, indicating a temporary uncertainty.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 40.750-40.950. At the moment, the WTI is trading lower, indicating the weakness 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 08.10.2020.

• Quotation of the higher boundary of the zone 1/4–40.432.

• Quotation of the higher boundary of the zone 1/2–39.152.

• Intraday objectives: update the highs from 08.10.2020–41.702.

• Medium-term objectives: test the higher bound of WCZ-41.962.

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

• Buy: 39.152-40.432, Take Profit 1-41.702, Take Profit 2-41.962.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)