GOLD, SILVER, WTI | 11 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. 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 1891.65-1897.23. At the moment, the GOLD 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 01.06.2021.


• Quotation of the higher boundary of the zone 1/4–1894.31.


• Quotation of the higher boundary of the zone 1/2–1871.81.


• Intraday objectives: update the highs from 01.06.2021–1916.81.


• Medium-term objectives: test the lower bound of SWCZ–1947.01.GOLD, SILVER, WTI


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



• Buy: 1871.81-1894.31, Take Profit 1–1916.81, Take Profit 2–1947.01.




• XAGUSD


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 27.239-27.435. 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 1/4–28.011.


• Quotation of the higher boundary of the zone 1/2–27.261.


• Intraday objectives: update the highs from 18.05.2021–28.761.


• Medium-term objectives: test the lower bound of SWCZ–29.646.GOLD, SILVER, WTI


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



• Buy: 27.261-28.011, Take Profit 1–28.761, Take Profit 2–29.646.




• 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 68.366-68.655. 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 07.06.2021.


• Quotation of the higher boundary of the zone 1/4–68.508.


• Quotation of the higher boundary of the zone 1/2–67.178.


• Intraday objectives: update the highs from 07.06.2021–69.828.


• Medium-term objectives: test the higher bound of SWCZ-71.988.GOLD, SILVER, WTI


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



• Buy: 67.178-68.508, Take Profit 1-69.828, Take Profit 2-71.988.




 

James Hoggarth
Analyst of FreshForex
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