GOLD, SILVER, WTI | 23 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 1/4–1907.24.

• Quotation of the higher boundary of the zone 1/2–1878.44.

• Intraday objectives: update the highs from 12.10.2020–1935.94.

• Medium-term objectives: test the lower bound of WCZ–1962.54.

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

• Buy: 1878.44-1907.24, Take Profit 1–1935.94, Take Profit 2–1962.54.

• 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 1/4–24.734.

• Quotation of the higher boundary of the zone 1/2–23.884.

• Intraday objectives: update the highs from 12.10.2020–25.584.

• Medium-term objectives: test the lower bound of GWCZ–26.784.

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

• Buy: 23.884-24.734, Take Profit 1–25.584, Take Profit 2–26.784.

• WTI

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 40.930-41.190. 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. Currently, the WTI is trading within the specified range, indicating a temporary uncertainty.

• 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 1/4–40.437.

• Quotation of the higher boundary of the zone 1/2–39.157.

• Intraday objectives: update the highs from 08.10.2020–41.707.

• Medium-term objectives: test the higher bound of WCZ-41.967.

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

• Buy: 39.157-40.437, Take Profit 1-41.707, Take Profit 2-41.967.