GOLD, SILVER, WTI | 08 October 2021

• XAUUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1808.38-1814.56. 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 1749.77-1753.30. 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 30.09.2021.


• Quotation of the lower boundary of the zone 1/4–1739.53.


• Quotation of the lower boundary of the zone 1/2–1758.23.


• Intraday objectives: update the lows from 30.09.2021–1720.73.


• Medium-term objectives: test the lower bound of SWCZ–1686.53.GOLD, SILVER, WTI


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



• Sell: 1739.53-1758.23, Take Profit 1–1720.73, Take Profit 2–1686.53.




• 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 22.593-22.706. 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 29.09.2021.


• Quotation of the higher boundary of the zone 1/4–22.002.


• Quotation of the higher boundary of the zone 1/2–22.627.


• Intraday objectives: update the lows from 29.09.2021–21.377.


• Medium-term objectives: test the higher bound of GWCZ–21.162.GOLD, SILVER, WTI


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



• Sell: 22.002-22.627, Take Profit 1–21.377, Take Profit 2–21.162.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 74.578-75.632. 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 72.952-73.253. 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 28.09.2021.


• Quotation of the higher boundary of the zone 1/4–75.091.


• Quotation of the higher boundary of the zone 1/2–73.811.


• Intraday objectives: update the highs from 28.09.2021–76.361.


• Medium-term objectives: test the higher bound of GWCZ-79.061.GOLD, SILVER, WTI


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



• Buy: 73.811-75.091, Take Profit 1-76.361, Take Profit 2-79.061.




 

James Hoggarth
Analyst of FreshForex
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