GOLD, SILVER, WTI | 27 November 2020

• GOLD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1872.29-1883.48. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1871.70-1878.96. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.


• 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 09.11.2020.


• Quotation of the lower boundary of the zone 1/4–1877.74.


• Quotation of the lower boundary of the zone 1/2–1906.44.


• Intraday objectives: update the lows from 09.11.2020–1849.22.


• Medium-term objectives: test the lower bound of GWCZ–1796.02.GOLD, SILVER, WTI


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



• Sell: 1877.74-1906.44, Take Profit 1–1849.22, Take Profit 2–1799.02.




• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 24.100-24.400. At the moment, the SILVER is trading higher, indicating the strength of buyers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 25.622-25.773. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.


• 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 09.11.2020.


• Quotation of the higher boundary of the zone 1/4–24.284.


• Quotation of the higher boundary of the zone 1/2–25.034.


• Intraday objectives: update the lows from 09.11.2020–23.534.


• Medium-term objectives: test the higher bound of WCZ–23.069.GOLD, SILVER, WTI


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



• Sell: 24.284-25.034, Take Profit 1–23.534, Take Profit 2–23.069.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 41.636-41.930. At the moment, the WTI is trading higher, indicating the strength of buyers.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 40.332-40.669. At the moment, the WTI is trading higher, indicating the weakness 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 13.11.2020.


• Quotation of the lower boundary of the zone 1/4–41.519.


• Quotation of the lower boundary of the zone 1/2–42.709.


• Intraday objectives: update the highs from 13.11.2020–40.329.


• Medium-term objectives: test the higher bound of WCZ-38.579.GOLD, SILVER, WTI


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



• Sell: 41.519-42.709, Take Profit 1-40.329, Take Profit 2-38.579.




• WCZ (weekly control zone)


• GWCZ (golden weekly control zone)


• SWCZ (silver weekly control zone)




 

James Hoggarth
Analyst of FreshForex
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