GOLD, SILVER, WTI | 22 January 2021

• GOLD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1837.80-1848.60. At the moment, the GOLD 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 1844.65-1849.95. At the moment, the GOLD 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 18.01.2021.


• Quotation of the lower boundary of the zone 1/4–1826.07.


• Quotation of the lower boundary of the zone 1/2–1851.07.


• Intraday objectives: update the lows from 18.01.2021–1801.07.


• Medium-term objectives: test the lower bound of SWCZ–1762.77.GOLD, SILVER, WTI


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



• Sell: 1826.07-1851.07, Take Profit 1–1801.07, Take Profit 2–1762.77.




• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.750-24.090. 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 24.700-24.900. 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 18.01.2021.


• Quotation of the higher boundary of the zone 1/4–24.666.


• Quotation of the higher boundary of the zone 1/2–25.366.


• Intraday objectives: update the lows from 18.01.2021–23.966.


• Medium-term objectives: test the higher bound of GWCZ–23.831.GOLD, SILVER, WTI


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



• Sell: 24.666-25.366, Take Profit 1–23.966, Take Profit 2–23.831.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 47.820-48.420. 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 52.907-53.113. 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 13.01.2021.


• Quotation of the higher boundary of the zone 1/4–52.758.


• Quotation of the higher boundary of the zone 1/2–51.628.


• Intraday objectives: update the highs from 13.01.2021–53.888.


• Medium-term objectives: test the higher bound of SWCZ-54.448.GOLD, SILVER, WTI


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



• Buy: 51.628-52.758, Take Profit 1-53.888, Take Profit 2-54.448.




 

James Hoggarth
Analyst of FreshForex
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