GOLD, SILVER, WTI | 12 March 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 1713.85-1718.89. 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 05.03.2021.


• Quotation of the lower boundary of the zone 1/4–1711.24.


• Quotation of the lower boundary of the zone 1/2–1736.24.


• Intraday objectives: update the lows from 05.03.2021–1686.24.


• Medium-term objectives: test the lower bound of SWCZ–1682.14.GOLD, SILVER, WTI


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



• Sell: 1711.24-1736.24, Take Profit 1–1686.24, Take Profit 2–1682.14.



• SILVER


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 26.084-26.339. At the moment, the SILVER is trading lower, indicating the weakness 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 26.130-26.246. 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 05.02.2021.


• Quotation of the higher boundary of the zone 1/4–25.640.


• Quotation of the higher boundary of the zone 1/2–26.465.


• Intraday objectives: update the lows from 5.02.2021–24.815.


• Medium-term objectives: test the higher bound of GWCZ–23.490.GOLD, SILVER, WTI


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



• Sell: 25.640-26.465, Take Profit 1–24.815, Take Profit 2–23.490.



• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 59.751-60.863. 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 65.114-65.358. 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 08.03.2021.


• Quotation of the higher boundary of the zone 1/4–66.716.


• Quotation of the higher boundary of the zone 1/2–65.586.


• Intraday objectives: update the highs from 08.03.2021–67.846.


• Medium-term objectives: test the higher bound of SWCZ-68.146.GOLD, SILVER, WTI


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



• Buy: 65.586-66.716, Take Profit 1-67.846, Take Profit 2-68.146.




 

James Hoggarth
Analyst of FreshForex
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