GOLD, SILVER, WTI | 18 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 lower, indicating the weakness 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 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 1/4–1894.72.


• Quotation of the higher boundary of the zone 1/2–1872.22.


• Intraday objectives: update the highs from 01.06.2021–1917.29.


• Medium-term objectives: test the lower bound of SWCZ–1947.49.GOLD, SILVER, WTI


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



• Buy: 1872.22-1894.72, Take Profit 1–1917.29, Take Profit 2–1947.49.



• 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. Currently, the SILVER 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 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 1/4–28.015.


• Quotation of the higher boundary of the zone 1/2–27.265.


• Intraday objectives: update the highs from 18.05.2021–28.765.


• Medium-term objectives: test the lower bound of SWCZ–29.650.GOLD, SILVER, WTI


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



• Buy: 27.265-28.015, Take Profit 1–28.765, Take Profit 2–29.650.



• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 68.845-69.184. 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 68.848-69.122. 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 14.06.2021.


• Quotation of the higher boundary of the zone 1/4–69.647.


• Quotation of the higher boundary of the zone 1/2–68.317.


• Intraday objectives: update the highs from 14.06.2021–70.967.


• Medium-term objectives: test the higher bound of SWCZ-71.847.GOLD, SILVER, WTI


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



• Buy: 68.317-69.647, Take Profit 1-70.967, Take Profit 2-71.847.




 

James Hoggarth
Analyst of FreshForex
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