GOLD, SILVER, WTI | 23 July 2021

• XAUUSD


• Long-term trend: goes long. 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 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 1804.10-1807.58. 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 15.07.2021.


• Quotation of the higher boundary of the zone 1/4–1811.85.


• Quotation of the higher boundary of the zone 1/2–1789.35.


• Intraday objectives: update the highs from 15.07.2021–1834.35.


• Medium-term objectives: test the lower bound of GWCZ–1884.45.GOLD, SILVER, WTI


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




• Buy: 1789.35-1811.85, Take Profit 1–1834.35, Take Profit 2–1884.45.



• 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 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 26.054-26.173. 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 19.07.2021.


• Quotation of the higher boundary of the zone 1/4–26.068.


• Quotation of the higher boundary of the zone 1/2–26.743.


• Intraday objectives: update the lows from 19.07.2021–25.358.


• Medium-term objectives: test the higher bound of GWCZ–24.758.GOLD, SILVER, WTI


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



• Sell: 26.068-26.743, Take Profit 1–25.358, Take Profit 2–24.758.



• WTI


• Long-term trend: goes short. 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 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 74.557-74.787. At the moment, the WTI 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 16.07.2021.


• Quotation of the lower boundary of the zone 1/4–71.407.


• Quotation of the lower boundary of the zone 1/2–72.727.


• Intraday objectives: update the highs from 16.07.2021–70.077.


• Medium-term objectives: test the higher bound of WCZ-69.517.GOLD, SILVER, WTI


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



• Sell: 71.407-72.727, Take Profit 1-70.077, Take Profit 2-69.517.




 

James Hoggarth
Analyst of FreshForex
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