GOLD, SILVER, WTI | 02 July 2021

• XAUUSD


• Long-term trend: goes short. 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 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 1891.80-1896.10. At the moment, the GOLD 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 18.06.2021.


• Quotation of the lower boundary of the zone 1/4–1783.74.


• Quotation of the lower boundary of the zone 1/2–1806.24.


• Intraday objectives: update the lows from 18.06.2021–1761.24.


• Medium-term objectives: test the lower bound of SWCZ–1739.24.GOLD, SILVER, WTI


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



• Sell: 1783.74-1806.24, Take Profit 1–1761.24, Take Profit 2–1739.24.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 25.825-26.035. Currently, the SILVER 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 27.616-27.700. 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 21.06.2021.


• Quotation of the higher boundary of the zone 1/4–26.257.


• Quotation of the higher boundary of the zone 1/2–27.007.


• Intraday objectives: update the lows from 21.06.2021–25.507.


• Medium-term objectives: test the higher bound of GWCZ–24.327.GOLD, SILVER, WTI


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



• Sell: 26.257-27.007, Take Profit 1–25.507, Take Profit 2–24.327.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 72.739-73.050. 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 72.736-73.024. 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 28.06.2021.


• Quotation of the higher boundary of the zone 1/4–72.829.


• Quotation of the higher boundary of the zone 1/2–71.499.


• Intraday objectives: update the highs from 28.06.2021–74.149.


• Medium-term objectives: test the higher bound of SWCZ-76.959.GOLD, SILVER, WTI


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



• Buy: 71.499-72.829, Take Profit 1-74.149, Take Profit 2-76.959.




 

James Hoggarth
Analyst of FreshForex
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