GOLD, SILVER, WTI | 02 April 2021

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1728.22-1741.32. 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 1727.94-1732.12. Currently, the GOLD is trading within the specified range, indicating a temporary uncertainty.


• 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 18.03.2021.


• Quotation of the higher boundary of the zone 1/4–1730.56.


• Quotation of the higher boundary of the zone 1/2–1705.56.


• Intraday objectives: update the highs from 18.03.2021–1755.56.


• Medium-term objectives: test the lower bound of WCZ–1774.66.GOLD, SILVER, WTI


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



• Buy: 1705.56-1730.56, Take Profit 1–1755.56, Take Profit 2–1774.66.



• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 25.861-26.196. At the moment, the SILVER 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 25.842-25.985. At the moment, the SILVER 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 25.02.2021.


• Quotation of the higher boundary of the zone 1/4–25.204.


• Quotation of the higher boundary of the zone 1/2–26.029.


• Intraday objectives: update the lows from 25.02.2021–24.379.


• Medium-term objectives: test the higher bound of GWCZ–23.464.GOLD, SILVER, WTI


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



• Sell: 25.204-26.029, Take Profit 1–24.379, Take Profit 2–23.464.



• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 60.494-61.146. At the moment, the WTI is trading lower, indicating the strength of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 60.908-61.174. 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 26.03.2021.


• Quotation of the higher boundary of the zone 1/4–60.047.


• Quotation of the higher boundary of the zone 1/2–58.767.


• Intraday objectives: update the highs from 26.03.2021–61.317.


• Medium-term objectives: test the higher bound of WCZ-62.497.GOLD, SILVER, WTI


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



• Buy: 58.767-60.047, Take Profit 1-61.317, Take Profit 2-62.497.




 

James Hoggarth
Analyst of FreshForex
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