GOLD, SILVER, WTI | 29 January 2021

• GOLD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1855.24-1862.64. 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 1870.50-1873.14. At the moment, the GOLD 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 21.01.2021.


• Quotation of the higher boundary of the zone 1/4–1849.97.


• Quotation of the higher boundary of the zone 1/2–1824.97.


• Intraday objectives: update the highs from 21.01.2021–1874.97.


• Medium-term objectives: test the lower bound of WCZ–1901.17.GOLD, SILVER, WTI


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



• Buy: 1824.97-1849.97, Take Profit 1–1874.97, Take Profit 2–1901.17.


 


 


• 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 long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 25.107-25.191. 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 21.01.2021.


• Quotation of the higher boundary of the zone 1/4–25.348.


• Quotation of the higher boundary of the zone 1/2–24.648.


• Intraday objectives: update the highs from 21.01.2021–26.048.


• Medium-term objectives: test the lower bound of WCZ–26.758.GOLD, SILVER, WTI


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



• Buy: 24.648-25.348, Take Profit 1–26.048, Take Profit 2–26.758.


 


 


• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 52.507-53.188. Currently, the WTI 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 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 1/4–52.745.


• Quotation of the higher boundary of the zone 1/2–51.615.


• Intraday objectives: update the highs from 13.01.2021–53.875.


• Medium-term objectives: test the higher bound of SWCZ-54.435.GOLD, SILVER, WTI


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



• Buy: 51.615-52.745, Take Profit 1-53.875, Take Profit 2-54.435.




 

James Hoggarth
Analyst of FreshForex
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