GOLD, SILVER, WTI | 19 February 2021

• GOLD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1838.68-1847.37. 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 1831.03-1835.53. 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 04.02.2021.


• Quotation of the lower boundary of the zone 1/4–1812.20.


• Quotation of the lower boundary of the zone 1/2–1839.70.


• Intraday objectives: update the lows from 04.02.2021–1784.70.


• Medium-term objectives: test the lower bound of WCZ–1769.00.GOLD, SILVER, WTI


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



• Sell: 1812.20-1839.70, Take Profit 1–1784.70, Take Profit 2–1769.00.


 


• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 25.022-25.563. 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 26.677-26.838. At the moment, the SILVER 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 04.02.2021.


• Quotation of the higher boundary of the zone 1/4–26.670.


• Quotation of the higher boundary of the zone 1/2–27.495.


• Intraday objectives: update the lows from 04.02.2021–25.845.


• Medium-term objectives: test the higher bound of GWCZ–25.310.GOLD, SILVER, WTI


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



• Sell: 26.670-27.495, Take Profit 1–25.845, Take Profit 2–25.310.


 


• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 51.929-53.192. 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 57.994-58.339. 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 15.02.2021.


• Quotation of the higher boundary of the zone 1/4–59.632.


• Quotation of the higher boundary of the zone 1/2–58.502.


• Intraday objectives: update the highs from 15.02.2021–60.762.


• Medium-term objectives: test the higher bound of SWCZ-61.092.GOLD, SILVER, WTI


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



• Buy: 58.502-59.632, Take Profit 1-60.762, Take Profit 2-61.092.




 

James Hoggarth
Analyst of FreshForex
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