GOLD, SILVER, WTI | 22 October 2021

• XAUUSD


• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1753.45-1762.44. 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 1755.99-1759.51. 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 14.10.2021.


• Quotation of the higher boundary of the zone 1/4–1782.81.


• Quotation of the higher boundary of the zone 1/2–1764.01.


• Intraday objectives: update the highs from 14.10.2021–1801.51.


• Medium-term objectives: test the lower bound of GWCZ–1833.21.GOLD, SILVER, WTI


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



• Buy: 1764.01-1782.81, Take Profit 1–1801.51, Take Profit 2–1833.21.




• XAGUSD


• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 22.399-22.685. At the moment, the SILVER is trading higher, indicating the weakness 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 22.465-22.544. 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 15.10.2021.


• Quotation of the higher boundary of the zone 1/4–22.960.


• Quotation of the higher boundary of the zone 1/2–22.335.


• Intraday objectives: update the highs from 15.10.2021–23.585.


• Medium-term objectives: test the lower bound of WCZ–23.850.GOLD, SILVER, WTI


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



• Buy: 22.335-22.960, Take Profit 1–23.585, Take Profit 2–23.850.




• WTI


• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 79.597-80.202. 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 81.489-81.751. 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 18.10.2021.


• Quotation of the higher boundary of the zone 1/4–81.757.


• Quotation of the higher boundary of the zone 1/2–80.477.


• Intraday objectives: update the highs from 18.10.2021–83.027.


• Medium-term objectives: test the higher bound of SWCZ-83.987.GOLD, SILVER, WTI


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



• Buy: 80.477-81.757, Take Profit 1-83.027, Take Profit 2-83.987.




 

James Hoggarth
Analyst of FreshForex
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