GOLD, SILVER, WTI | 24 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 1792.23-1796.70. 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 20.09.2021.


• Quotation of the lower boundary of the zone 1/4–1762.66.


• Quotation of the lower boundary of the zone 1/2–1783.36.


• Intraday objectives: update the lows from 20.09.2021–1742.06.


• Medium-term objectives: test the lower bound of GWCZ–1712.96.GOLD, SILVER, WTI


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



• Sell: 1762.66-1783.36, Take Profit 1–1742.06, Take Profit 2–1712.96.




• 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 short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 23.740-23.851. 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 09.08.2021.


• Quotation of the higher boundary of the zone 1/4–22.704.


• Quotation of the higher boundary of the zone 1/2–23.379.


• Intraday objectives: update the lows from 09.08.2021–22.029.


• Medium-term objectives: test the higher bound of GWCZ–20.899.GOLD, SILVER, WTI


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



• Sell: 22.704-23.379, Take Profit 1–22.029, Take Profit 2–20.899.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 71.468-71.832. Currently, the WTI 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 69.344-69.638. 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 15.09.2021.


• Quotation of the higher boundary of the zone 1/4–71.483.


• Quotation of the higher boundary of the zone 1/2–70.203.


• Intraday objectives: update the highs from 15.09.2021–72.753.


• Medium-term objectives: test the higher bound of GWCZ-74.223.GOLD, SILVER, WTI


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



• Buy: 70.203-71.483, Take Profit 1-72.753, Take Profit 2-74.223.




 

James Hoggarth
Analyst of FreshForex
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