GOLD, SILVER, WTI | 09 July 2021

• XAUUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1773.36-1779.23. At the moment, the GOLD is trading higher, indicating the weakness 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 1775.52-1779.65. At the moment, the GOLD 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 29.06.2021.


• Quotation of the lower boundary of the zone 1/4–1772.07.


• Quotation of the lower boundary of the zone 1/2–1794.57.


• Intraday objectives: update the lows from 29.06.2021–1749.57.


• Medium-term objectives: test the lower bound of SWCZ–1738.67.GOLD, SILVER, WTI


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



• Sell: 1772.07-1794.57, Take Profit 1–1749.57, Take Profit 2–1738.67.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 25.965-26.177. At the moment, the SILVER is trading higher, indicating the weakness 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 26.009-26.117. At the moment, the SILVER 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 29.06.2021.


• Quotation of the higher boundary of the zone 1/4–26.182.


• Quotation of the higher boundary of the zone 1/2–26.932.


• Intraday objectives: update the lows from 29.06.2021–25.432.


• Medium-term objectives: test the higher bound of GWCZ–24.272.GOLD, SILVER, WTI


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



• Sell: 26.182-26.932, Take Profit 1–25.432, Take Profit 2–24.272.




• 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 01.07.2021.


• Quotation of the higher boundary of the zone 1/4–74.394.


• Quotation of the higher boundary of the zone 1/2–73.064.


• Intraday objectives: update the highs from 01.07.2021–75.714.


• Medium-term objectives: test the higher bound of SWCZ-76.754.GOLD, SILVER, WTI


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



• Buy: 73.064-74.394, Take Profit 1-75.714, Take Profit 2-76.754.




 

James Hoggarth
Analyst of FreshForex
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