GOLD, SILVER, WTI | 18 December 2020

• GOLD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1831.30-1844.72. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1835.60-1841.09. Currently, the GOLD 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 08.12.2020.


• Quotation of the higher boundary of the zone 1/4–1851.23.


• Quotation of the higher boundary of the zone 1/2–1826.23.


• Intraday objectives: update the highs from 08.12.2020–1876.23.


• Medium-term objectives: test the lower bound of GWCZ–1913.63.GOLD, SILVER, WTI


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



• Buy: 1826.23-1851.23, Take Profit 1–1876.23, Take Profit 2–1913.63.




• SILVER


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.770-24.094. Currently, the SILVER is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 23.840-23.970. Currently, the SILVER 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 08.12.2020.


• Quotation of the higher boundary of the zone 1/4–24.182.


• Quotation of the higher boundary of the zone 1/2–24.182.


• Intraday objectives: update the highs from 08.12.2020–24.882.


• Medium-term objectives: test the lower bound of GWCZ–26.027.GOLD, SILVER, WTI


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



• Buy: 24.182-24.182, Take Profit 1–24.882, Take Profit 2–26.027.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 45.233-45.600. At the moment, the WTI is trading higher, indicating the strength of buyers.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 45.070-45.430. At the moment, the WTI 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 10.12.2020.


• Quotation of the higher boundary of the zone 1/4–46.668.


• Quotation of the higher boundary of the zone 1/2–45.488.


• Intraday objectives: update the highs from 10.12.2020–47.858.


• Medium-term objectives: test the higher bound of SWCZ-49.948.GOLD, SILVER, WTI


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



• Buy: 45.488-46.668, Take Profit 1-47.858, Take Profit 2-49.948.




 

James Hoggarth
Analyst of FreshForex
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