GOLD, SILVER, WTI | 21 May 2021

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1774.67-1782.76. At the moment, the GOLD 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 1832.49-1836.99. At the moment, the GOLD 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 17.05.2021.


• Quotation of the higher boundary of the zone 1/4–1830.51.


• Quotation of the higher boundary of the zone 1/2–1808.21.


• Intraday objectives: update the highs from 17.05.2021–1853.01.


• Medium-term objectives: test the lower bound of GWCZ–1902.11.GOLD, SILVER, WTI


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



• Buy: 1808.21-1830.51, Take Profit 1–1853.01, Take Profit 2–1902.11.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 27.220-27.461. 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 27.294-27.386. 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 10.05.2021.


• Quotation of the higher boundary of the zone 1/4–27.139.


• Quotation of the higher boundary of the zone 1/2–26.389.


• Intraday objectives: update the highs from 10.05.2021–27.889.


• Medium-term objectives: test the lower bound of GWCZ–28.169.GOLD, SILVER, WTI


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



• Buy: 26.389-27.139, Take Profit 1–27.889, Take Profit 2–28.169.


 


 


• WTI


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 64.768-65.500. Currently, the WTI is trading within the specified range, indicating a temporary uncertainty.GOLD, SILVER, WTI


• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 64.736-64.979. At the moment, the WTI 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 13.05.2021.


• Quotation of the lower boundary of the zone 1/4–64.383.


• Quotation of the lower boundary of the zone 1/2–65.703.


• Intraday objectives: update the highs from 13.05.2021–63.053.


• Medium-term objectives: test the higher bound of WCZ-61.423.GOLD, SILVER, WTI


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



• Sell: 64.383-65.703, Take Profit 1-63.053, Take Profit 2-61.423.




 

James Hoggarth
Analyst of FreshForex
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