GOLD, SILVER, WTI | 04 June 2021

• XAUUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1889.82-1896.62. 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 1903.92-1908.06. 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 26.05.2021.


• Quotation of the higher boundary of the zone 1/4–1890.24.


• Quotation of the higher boundary of the zone 1/2–1867.74.


• Intraday objectives: update the highs from 26.05.2021–1912.87.


• Medium-term objectives: test the lower bound of SWCZ–1946.67.GOLD, SILVER, WTI


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



• Buy: 1867.74-1890.24, Take Profit 1–1912.87, Take Profit 2–1946.67.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 27.580-27.761. 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 27.325-27.418. 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 18.05.2021.


• Quotation of the higher boundary of the zone 1/4–28.012.


• Quotation of the higher boundary of the zone 1/2–27.262.


• Intraday objectives: update the highs from 18.05.2021–28.762.


• Medium-term objectives: test the lower bound of SWCZ–29.647.GOLD, SILVER, WTI


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



• Buy: 27.262-28.012, Take Profit 1–28.762, Take Profit 2–29.647.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 65.787-65.994. 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 65.702-65.927. 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 28.05.2021.


• Quotation of the higher boundary of the zone 1/4–66.079.


• Quotation of the higher boundary of the zone 1/2–64.749.


• Intraday objectives: update the highs from 28.05.2021–67.399.


• Medium-term objectives: test the higher bound of GWCZ-69.389.GOLD, SILVER, WTI


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



• Buy: 64.749-66.079, Take Profit 1-67.399, Take Profit 2-69.389.




 

James Hoggarth
Analyst of FreshForex
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