GOLD, SILVER, WTI | 17 September 2021

• XAUUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1805.15-1814.56. 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 1796.70-1800.13. 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 08.09.2021.


• Quotation of the lower boundary of the zone 1/4–1802.24.


• Quotation of the lower boundary of the zone 1/2–1822.94.


• Intraday objectives: update the lows from 08.09.2021–1781.64.


• Medium-term objectives: test the lower bound of WCZ–1752.94.GOLD, SILVER, WTI


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



• Sell: 1802.24-1822.94, Take Profit 1–1781.64, Take Profit 2–1752.94.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 23.960-24.205. At the moment, the SILVER is trading lower, indicating the strength of sellers.GOLD, SILVER, WTI


• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 24.100-24.170. 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 03.09.2021.


• Quotation of the higher boundary of the zone 1/4–24.246.


• Quotation of the higher boundary of the zone 1/2–23.571.


• Intraday objectives: update the highs from 03.09.2021–24.921.


• Medium-term objectives: test the lower bound of WCZ–25.026.GOLD, SILVER, WTI


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



• Buy: 23.571-24.246, Take Profit 1–24.921, Take Profit 2–25.026.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 69.399-69.663. 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 68.472-68.734. 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 02.09.2021.


• Quotation of the higher boundary of the zone 1/4–69.071.


• Quotation of the higher boundary of the zone 1/2–67.791.


• Intraday objectives: update the highs from 02.09.2021–70.341.


• Medium-term objectives: test the higher bound of SWCZ-71.701.GOLD, SILVER, WTI


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



• Buy: 67.791-69.071, Take Profit 1-70.341, Take Profit 2-71.701.




 

James Hoggarth
Analyst of FreshForex
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