GOLD, SILVER, WTI | 05 February 2021

• GOLD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1847.90-1858.20. 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 1866.40-1869.45. 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 29.01.2021.


• Quotation of the higher boundary of the zone 1/4–1849.73.


• Quotation of the higher boundary of the zone 1/2–1824.73.


• Intraday objectives: update the highs from 29.01.2021–1874.73.


• Medium-term objectives: test the lower bound of WCZ–1909.73.GOLD, SILVER, WTI


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



• Buy: 1824.73-1849.73, Take Profit 1–1874.73, Take Profit 2–1909.73.


 



• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 25.022-25.330. 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 01.02.2021.


• Quotation of the higher boundary of the zone 1/4–28.318.


• Quotation of the higher boundary of the zone 1/2–27.618.


• Intraday objectives: update the highs from 01.02.2021–29.018.


• Medium-term objectives: test the lower bound of SWCZ–29.408.GOLD, SILVER, WTI


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



• Buy: 27.618-28.318, Take Profit 1–29.018, Take Profit 2–29.408.


 



• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 52.137-52.913. 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 1/4–52.713.


• Quotation of the higher boundary of the zone 1/2–51.583.


• Intraday objectives: update the highs from 13.01.2021–53.843.


• Medium-term objectives: test the higher bound of SWCZ-54.403.GOLD, SILVER, WTI


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



• Buy: 51.583-52.713, Take Profit 1-53.843, Take Profit 2-54.403.




 

James Hoggarth
Analyst of FreshForex
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